Tri Pointe Homes (TPH) 10-K 19 Feb 20 2019 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2019	Feb. 06, 2020	Jun. 28, 2019
Cover page.
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	1-35796
Entity Registrant Name	TRI Pointe Group, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	61-1763235
Entity Address, Address Line One	19540 Jamboree Road
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Irvine
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92612
City Area Code	949
Local Phone Number	438-1400
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	TPH
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 1,671,655,364
Entity Common Stock, Shares Outstanding		136,080,148
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Central Index Key	0001561680
Current Fiscal Year End Date	--12-31
Documents Incorporated by Reference	Portions from the registrant’s proxy statement relating to its 2020 annual meeting of stockholders are incorporated by reference into Part III, Items 10, 11, 12, 13 and 14.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 329,011	$ 277,696
Receivables	69,276	51,592
Real estate inventories	3,065,436	3,216,059
Investments in unconsolidated entities	11,745	5,410
Goodwill and other intangible assets, net	159,893	160,427
Deferred tax assets, net	49,904	67,768
Other assets	173,425	105,251
Total assets	3,858,690	3,884,203
Liabilities
Accounts payable	66,120	81,313
Accrued expenses and other liabilities	322,043	335,149
Loans payable	250,000	0
Senior notes, net	1,033,985	1,410,804
Total liabilities	1,672,148	1,827,266
Commitments and contingencies
Stockholders’ Equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of December 31, 2019 and 2018, respectively	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized; 136,149,633 and 141,661,713 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively	1,361	1,417
Additional paid-in capital	581,195	658,720
Retained earnings	1,603,974	1,396,787
Total stockholders’ equity	2,186,530	2,056,924
Noncontrolling interests	12	13
Total equity	2,186,542	2,056,937
Total liabilities and equity	$ 3,858,690	$ 3,884,203

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized (shares)	50,000,000	50,000,000
Preferred stock issued (shares)	0	0
Preferred stock outstanding (shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (shares)	500,000,000	500,000,000
Common stock issued (shares)	136,149,633	141,661,713
Common stock outstanding (shares)	136,149,633	141,661,713

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues	$ 1,141,274	$ 748,395	$ 698,714	$ 494,632	$ 1,132,697	$ 775,071	$ 771,303	$ 583,676	$ 3,083,015	$ 3,262,747	$ 2,810,272
Other operations expense									2,434	3,174	2,298
Sales and marketing									195,148	187,267	137,066
General and administrative									157,161	155,030	137,764
Homebuilding income from operations									253,859	353,204	343,634
Equity loss of unconsolidated entities									(52)	(393)	(11,433)
Other income (loss), net									6,857	(419)	151
Homebuilding income before income taxes									260,664	352,392	332,352
Equity in income of unconsolidated entities									9,316	8,517	6,426
Financial services income before income taxes									10,423	9,673	7,466
Income before income taxes									271,087	362,065	339,818
Provision for income taxes									(63,900)	(90,552)	(152,267)
Net income	117,993	62,861	26,262	71	100,984	63,969	63,680	42,880	207,187	271,513	187,551
Net income attributable to noncontrolling interests	0	0	0	0	(1,602)	0	0	0	0	(1,602)	(360)
Net income available to common stockholders	$ 117,993	$ 62,861	$ 26,262	$ 71	$ 99,382	$ 63,969	$ 63,680	$ 42,880	$ 207,187	$ 269,911	$ 187,191
Earnings per share
Basic (in dollars per share)	$ 0.85	$ 0.45	$ 0.18	$ 0	$ 0.70	$ 0.43	$ 0.42	$ 0.28	$ 1.47	$ 1.82	$ 1.21
Diluted (in dollars per share)	$ 0.85	$ 0.44	$ 0.18	$ 0	$ 0.70	$ 0.43	$ 0.42	$ 0.28	$ 1.47	$ 1.81	$ 1.21
Weighted average shares outstanding
Basic (shares)									140,851,444	148,183,431	154,134,411
Diluted (shares)									141,394,227	149,004,690	155,085,366
Home sales
Home sales									$ 3,069,375	$ 3,244,087	$ 2,732,299
Cost of home sales									2,462,708	2,536,899	2,173,251
Land and lot sales
Home sales									7,176	8,758	74,269
Cost of home sales									7,711	25,435	14,888
Other operations
Revenues									2,470	8,164	2,333
Homebuilding
Revenues									3,079,021	3,261,009	2,808,901
Financial services
Revenues									3,994	1,738	1,371
Cost of home sales									$ 2,887	$ 582	$ 331

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Total Stockholders’ Equity	Noncontrolling Interests
Beginning balance at Dec. 31, 2016	$ 1,848,510	$ 1,586	$ 880,822	$ 947,039	$ 1,829,447	$ 19,063
Beginning balance (shares) at Dec. 31, 2016		158,626,229
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	187,551			187,191	187,191	360
Shares issued under share-based awards	12,291	$ 16	12,275		12,291
Shares issued under share-based awards (shares)		1,531,475
Minimum tax withholding paid on behalf of employees for restricted stock units	(2,896)		(2,896)		(2,896)
Stock-based compensation expense	15,906		15,906		15,906
Share repurchases	(112,217)	$ (90)	(112,127)		(112,217)
Share repurchases (shares)		(8,994,705)
Distributions to noncontrolling interests, net	(1,333)					(1,333)
Net effect of consolidations, de-consolidations and other transactions	(17,485)					(17,485)
Ending balance at Dec. 31, 2017	1,930,327	$ 1,512	793,980	1,134,230	1,929,722	605
Ending balance (shares) at Dec. 31, 2017		151,162,999
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	271,513			269,911	269,911	1,602
Shares issued under share-based awards	1,943	$ 9	1,934		1,943
Shares issued under share-based awards (shares)		891,323
Minimum tax withholding paid on behalf of employees for restricted stock units	(6,049)		(6,049)		(6,049)
Stock-based compensation expense	14,814		14,814		14,814
Share repurchases	(146,063)	$ (104)	(145,959)		(146,063)
Share repurchases (shares)		(10,392,609)
Distributions to noncontrolling interests, net	(2,194)					(2,194)
Ending balance at Dec. 31, 2018	$ 2,056,937	$ 1,417	658,720	1,396,787	2,056,924	13
Ending balance (shares) at Dec. 31, 2018	141,661,713	141,661,713
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 207,187			207,187	207,187
Shares issued under share-based awards	449	$ 6	443		449
Shares issued under share-based awards (shares)		623,542
Minimum tax withholding paid on behalf of employees for restricted stock units	(3,612)		(3,612)		(3,612)
Stock-based compensation expense	14,806		14,806		14,806
Share repurchases	(89,224)	$ (62)	(89,162)		(89,224)
Share repurchases (shares)		(6,135,622)
Net effect of consolidations, de-consolidations and other transactions	(1)					(1)
Ending balance at Dec. 31, 2019	$ 2,186,542	$ 1,361	$ 581,195	$ 1,603,974	$ 2,186,530	$ 12
Ending balance (shares) at Dec. 31, 2019	136,149,633	136,149,633

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 207,187	$ 271,513	$ 187,551
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	28,396	29,097	3,500
Equity in (income) loss of unconsolidated entities, net	(9,264)	(8,124)	5,007
Deferred income taxes, net	17,864	11,074	46,810
Amortization of stock-based compensation	14,806	14,814	15,906
Charges for impairments and lot option abandonments	24,875	5,085	2,053
Changes in assets and liabilities:
Real estate inventories	120,272	(91,757)	(205,229)
Receivables	(17,684)	74,545	(44,280)
Other assets	(12,369)	(9,895)	13,487
Accounts payable	(15,193)	3,222	2,618
Accrued expenses and other liabilities	(52,118)	1,906	67,036
Returns on investments in unconsolidated entities, net	9,208	9,182	7,215
Net cash provided by operating activities	315,980	310,662	101,674
Cash flows from investing activities:
Purchases of property and equipment	(30,282)	(31,651)	(2,605)
Proceeds from sale of property and equipment	46	8	6
Investments in unconsolidated entities	(7,022)	(2,274)	(980)
Net cash paid for acquisition	0	(61,495)	0
Net cash used in investing activities	(37,258)	(95,412)	(3,579)
Cash flows from financing activities:
Borrowings from debt	400,000	125,000	500,000
Repayment of debt	(531,895)	(193,105)	(413,726)
Debt issuance costs	(3,125)	0	(5,957)
Distributions to noncontrolling interests	0	(2,194)	(1,333)
Proceeds from issuance of common stock under share-based awards	449	1,943	12,291
Minimum tax withholding paid on behalf of employees for share-based awards	(3,612)	(6,049)	(2,896)
Share repurchases	(89,224)	(146,063)	(112,217)
Net cash used in financing activities	(227,407)	(220,468)	(23,838)
Net increase (decrease) in cash and cash equivalents	51,315	(5,218)	74,257
Cash and cash equivalents - beginning of year	277,696	282,914	208,657
Cash and cash equivalents - end of year	$ 329,011	$ 277,696	$ 282,914

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Organization and Summary of Significant Accounting Policies	Organization and Summary of Significant Accounting Policies Organization TRI Pointe Group, Inc. (“TRI Pointe Group”) is engaged in the design, construction and sale of innovative single-family attached and detached homes through its portfolio of six quality brands across ten states, including Maracay in Arizona, Pardee Homes in California and Nevada, Quadrant Homes in Washington, Trendmaker Homes in Texas, TRI Pointe Homes in California, Colorado and the Carolinas and Winchester Homes in Maryland and Virginia. Basis of Presentation The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). The consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries as well as other entities in which the Company has a controlling interest and variable interest entities (“VIEs”) in which the Company is the primary beneficiary. The noncontrolling interests as of December 31, 2019 and 2018 represent the outside owners’ interests in the Company’s consolidated entities and the net equity of the VIE owners. All significant intercompany accounts have been eliminated upon consolidation. Unless the context otherwise requires, the terms “we”, “us”, “our” and “the Company” used herein refer to TRI Pointe Group and its consolidated subsidiaries. Reclassifications Certain amounts for prior years have been reclassified to conform to the current period presentation. Use of Estimates Our financial statements have been prepared in accordance with GAAP. The preparation of these financial statements requires our management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from our estimates. Subsequent Events We evaluated subsequent events up until our consolidated financial statements were filed with the Securities and Exchange Commission. Cash and Cash Equivalents and Concentration of Credit Risk We define cash and cash equivalents as cash on hand, demand deposits with financial institutions, and short-term liquid investments with a maturity date of less than three months from the date of acquisition. The Company’s cash balances exceed federally insurable limits. The Company monitors the cash balances in its operating accounts and adjusts the cash balances as appropriate; however, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts. Revenue Recognition In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Codified as “ASC 606”) . ASC 606 supersedes the revenue-recognition requirements in ASC Topic 605, Revenue Recognition , most industry-specific guidance throughout the industry topics of the accounting standards codification, and eliminates certain cost guidance related to construction-type and production-type contracts in accordance with ASC 970. In addition, ASC 606 includes Subtopic 340-40, Other Assets and Deferred Costs - Contracts with Customers, which provided updated guidance related to certain costs incurred in obtaining and fulfilling contracts with customers. Collectively, we refer to ASC 606 and Subtopic 340-40 as ASC 606 throughout this filing. The core principle of ASC 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Under ASC 606, we apply the following steps to determine the timing and amount of revenue to recognize: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. Following the adoption of ASC 606 on January 1, 2018, the timing of revenue recognition for all of our contracts remained materially consistent with our historical revenue recognition policy due to the nature of our revenue generating activities, with the most common difference under ASC 606 relating to the deferral of revenue due to these uncompleted performance obligations at the time we deliver new homes to our homebuyers. Disaggregation of Revenues We generate revenues from a mix of homebuilding operations and financial services operations. Due to the nature of our revenue generating activities, the disaggregated revenue reported on our consolidated statement of operations, in conjunction with the revenues reported in our segment disclosure, is deemed sufficient to report revenue from contracts with customers in accordance with the disaggregation disclosure requirements of ASC 606. We report total revenues in Note 2, Segment Information , which is fully comprised of our revenues from contracts with customers. While the total homebuilding revenues by segment include a mix of home sales revenue, land and lot sales revenue and other operations revenue, all material revenue amounts outside of home sales revenue are attributed to their respective homebuilding segments in the discussion below. Our consideration of disaggregated revenue consisted of a variety of facts and circumstances pertaining to our contracts with customers. These considerations included the nature, amounts, timing and other characteristics and economic factors present within each revenue line item appearing on our consolidated statement of operations. See below for further commentary regarding each of our revenue streams from contracts with customers. Home sales revenue We generate the majority of our total revenues from home sales, which consists of our core business operation of building and delivering completed homes to homebuyers. Home sales revenue and related profit is generally recognized when title to and possession of the home is transferred to the homebuyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Included in home sales revenue are forfeited deposits, which occur when homebuyers cancel home purchase contracts that include a nonrefundable deposit. Both revenue from forfeited deposits and deferred revenue resulting from uncompleted performance obligations existing at the time we deliver new homes to our homebuyers are immaterial. Land and lot sales revenue Historically, we have generated land and lot sales revenue from a small number of transactions, although in some years we have realized a significant amount of revenue and gross margin. We do not expect our future land and lot sales revenue to be material, but we still consider these sales to be an ordinary part of our business, thus meeting the definition of contracts with customers. Similar to our home sales, revenue from land and lot sales is typically fully recognized when the land and lot sales transactions are consummated, at which time no further performance obligations are left to be satisfied. Some of our historical land and lot sales have included future profit participation rights. We will recognize future land and lot sales revenue in the periods in which all closing conditions are met, subject to the constraint on variable consideration related to profit participation rights, if such rights exist in the sales contract. Other operations revenue The majority of our homebuilding other operations revenue relates to a ground lease at our Quadrant Homes reporting segment. We are responsible for making lease payments to the land owner, and we collect sublease payments from the buyers of the buildings. This ground lease is accounted for in accordance with ASC Topic 842, Leases . We do not recognize a material profit on this ground lease. Financial services revenues TRI Pointe Solutions is a reportable segment and is comprised of our TRI Pointe Connect mortgage financing operations, TRI Pointe Assurance title and escrow services operations, and TRI Pointe Advantage property and casualty insurance agency operations. Mortgage financing operations TRI Pointe Connect was formed as a joint venture with an established mortgage lender and is accounted for under the equity method of accounting. We record a percentage of income earned by TRI Pointe Connect based on our ownership percentage in this joint venture. TRI Pointe Connect activity appears as equity in income of unconsolidated entities under the Financial Services section of our consolidated statements of operations. Title and escrow services operations TRI Pointe Assurance provides title examinations for our homebuyers in Austin and Colorado and both title examinations and escrow services for our homebuyers in Arizona, Dallas–Fort Worth, Houston, Maryland, Nevada, and Virginia. TRI Pointe Assurance is a wholly owned subsidiary of TRI Pointe and acts as a title agency for First American Title Insurance Company. Revenue from our title and escrow services operations is fully recognized at the time of the consummation of the home sales transaction, at which time no further performance obligations are left to be satisfied. TRI Pointe Assurance revenue is included in the Financial Services section of our consolidated statements of operations. Property and casualty insurance agency operations TRI Pointe Advantage is a wholly owned subsidiary of TRI Pointe and provides property and casualty insurance agency services that help facilitate the closing process in all of the markets in which we operate. The total consideration for these services, including renewal options, is estimated upon the issuance of the initial insurance policy, subject to constraint. TRI Pointe Advantage revenue is included in the Financial Services section of our consolidated statements of operations. Real Estate Inventories and Cost of Sales Real estate inventories consist of land, land under development, homes under construction, completed homes and model homes and are stated at cost, net of impairment losses. We capitalize direct carrying costs, including interest, property taxes and related development costs to inventories. Field construction supervision and related direct overhead are also included in the capitalized cost of inventories. Direct construction costs are specifically identified and allocated to homes while other common costs, such as land, land improvements and carrying costs, are allocated to homes within a community based upon their anticipated relative sales or fair value. In accordance with ASC Topic 835, Interest (“ASC 835”), homebuilding interest capitalized as a cost of inventories owned is included in costs of sales as related units or lots are sold. To the extent our debt exceeds our qualified assets as defined in ASC 835, we expense a portion of the interest incurred by us. Qualified assets represent projects that are actively under development. Homebuilding cost of sales is recognized at the same time revenue is recognized and is recorded based upon total estimated costs to be allocated to each home within a community. Any changes to the estimated costs are allocated to the remaining undelivered lots and homes within their respective community. The estimation and allocation of these costs require a substantial degree of judgment by management. The estimation process involved in determining relative sales or fair values is inherently uncertain because it involves estimating future sales values of homes before delivery. Additionally, in determining the allocation of costs to a particular land parcel or individual home, we rely on project budgets that are based on a variety of assumptions, including assumptions about construction schedules and future costs to be incurred. It is common that actual results differ from budgeted amounts for various reasons, including construction delays, increases in costs that have not been committed or unforeseen issues encountered during construction that fall outside the scope of existing contracts, or costs that come in less than originally anticipated. While the actual results for a particular construction project are accurately reported over time, a variance between the budget and actual costs could result in the understatement or overstatement of costs and have a related impact on gross margins between reporting periods. To reduce the potential for such variances, we have procedures that have been applied on a consistent basis, including assessing and revising project budgets on a periodic basis, obtaining commitments from subcontractors and vendors for future costs to be incurred and utilizing the most recent information available to estimate costs. If there are indications of impairment, we perform a detailed budget and cash flow review of our real estate assets to determine whether the estimated remaining undiscounted future cash flows of the community are more or less than the asset’s carrying value. If the undiscounted cash flows are more than the asset’s carrying value, no impairment adjustment is required. However, if the undiscounted cash flows are less than the asset’s carrying value, the asset is deemed impaired and is written down to fair value. These impairment evaluations require us to make estimates and assumptions regarding future conditions, including timing and amounts of development costs and sales prices of real estate assets, to determine if expected future undiscounted cash flows will be sufficient to recover the asset’s carrying value. When estimating undiscounted cash flows of a community, we make various assumptions, including: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other communities, and future sales price adjustments based on market and economic trends; (ii) expected sales pace and cancellation rates based on local housing market conditions, competition and historical trends; (iii) costs expended to date and expected to be incurred including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction and overhead costs, and selling costs; (iv) alternative product offerings that may be offered that could have an impact on sales pace, sales price and/or building costs; and (v) alternative uses for the property. Many assumptions are interdependent and a change in one may require a corresponding change to other assumptions. For example, increasing or decreasing monthly sales absorption rates has a direct impact on the estimated per unit sales price of a home and the level of time sensitive costs (such as indirect construction, overhead and carrying costs). Depending on the underlying objective of the community, assumptions could have a significant impact on the projected cash flow analysis. For example, if our objective is to preserve operating margins, our cash flow analysis will be different than if the objective is to increase sales. These objectives may vary significantly from community to community and over time. We perform a quarterly review for indicators of impairment. If assets are considered impaired, the impairment charge is determined by the amount the asset’s carrying value exceeds its fair value. Fair value is determined based on estimated future cash flows discounted for inherent risks associated with real estate assets. These discounted cash flows are impacted by expected risk based on estimated land development, construction and delivery timelines; market risk of price erosion; uncertainty of development or construction cost increases; and other risks specific to the asset or market conditions where the asset is located when assessment is made. These factors are specific to each community and may vary among communities. For the years ended December 31, 2019, 2018 and 2017, we recorded real estate inventory impairment charges of $10.1 million , $0 and $854,000 , respectively. Warranty Reserves In the normal course of business, we incur warranty-related costs associated with homes that have been delivered to homebuyers. Estimated future direct warranty costs are accrued and charged to cost of sales in the period when the related home sales revenues are recognized while indirect warranty overhead salaries and related costs are charged to cost of sales in the period incurred. Factors that affect the warranty accruals include the number of homes delivered, historical and anticipated rates of warranty claims and cost per claim. Our primary assumption in estimating the amounts we accrue for warranty costs is that historical claims experience is a strong indicator of future claims experience. In addition, we maintain general liability insurance designed to protect us against a portion of our risk of loss from warranty and construction-related claims. We also generally require our subcontractors and design professionals to indemnify us for liabilities arising from their work, subject to various limitations. However, such indemnity is significantly limited with respect to certain subcontractors that are added to our general liability insurance policy. Our warranty reserve is based on actuarial analysis that uses our historical claim and expense data, as well as industry data to estimate these overall costs. Key assumptions used in developing these estimates include claim frequencies, severities and resolution patterns, which can occur over an extended period of time. These estimates are subject to variability due to the length of time between the delivery of a home to a homebuyer and when a warranty or construction defect claim is made, and the ultimate resolution of such claim; uncertainties regarding such claims relative to our markets and the types of product we build; and legal or regulatory actions and/or interpretations, among other factors. Due to the degree of judgment involved and the potential for variability in these underlying assumptions, our actual future costs could differ from those estimated. There can be no assurance that the terms and limitations of the limited warranty will be effective against claims made by homebuyers, that we will be able to renew our insurance coverage or renew it at reasonable rates, that we will not be liable for damages, cost of repairs, and/or the expense of litigation surrounding possible construction defects, soil subsidence or building related claims or that claims will not arise out of uninsurable events or circumstances not covered by insurance and not subject to effective indemnification agreements with certain subcontractors. We also record expected recoveries from insurance carriers based on actual insurance claims made and actuarially determined amounts that depend on various factors, including, the above-described reserve estimates, our insurance policy coverage limits for the applicable policy years and historical recovery rates. Because of the inherent uncertainty and variability in these assumptions, our actual insurance recoveries could differ significantly from amounts currently estimated. Investments in Unconsolidated Entities We have investments in unconsolidated entities over which we have significant influence that we account for using the equity method with taxes provided on undistributed earnings. We record earnings and accrue taxes in the period that the earnings are recorded by our affiliates. Under the equity method, our share of the unconsolidated entities’ earnings or loss is included in equity in (loss) income of unconsolidated entities in the accompanying consolidated statements of operations. We evaluate our investments in unconsolidated entities for impairment when events and circumstances indicate that the carrying value of the investment has been impaired beyond a temporary period of time. For the year ended December 31, 2017, we had a $13.2 million impairment charge related to a joint venture formed as a limited liability company in 1999 for the entitlement and development of land located in Los Angeles County, California. For the years ended December 31, 2019 and 2018, we did not have any impairment charges related to investments in unconsolidated entities. Variable Interest Entities The Company accounts for variable interest entities in accordance with ASC Topic 810, Consolidation (“ASC 810”). Under ASC 810, a variable interest entity (“VIE”) is created when: (a) the equity investment at risk in the entity is not sufficient to permit the entity to finance its activities without additional subordinated financial support provided by other parties, including the equity holders; (b) the entity’s equity holders as a group (i) lack the direct or indirect ability to make decisions about the entity, (ii) are not obligated to absorb expected losses of the entity or (iii) do not have the right to receive expected residual returns of the entity; or (c) the entity’s equity holders have voting rights that are not proportionate to their economic interests, and the activities of the entity involve, or are conducted on behalf of, the equity holder with disproportionately few voting rights. If an entity is deemed to be a VIE pursuant to ASC 810, the enterprise that has both (a) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (b) the obligation to absorb the expected losses of the entity or right to receive benefits from the entity that could be potentially significant to the VIE is considered the primary beneficiary and must consolidate the VIE. Under ASC 810, a deposit paid to an entity is deemed to be a variable interest that will absorb some or all of the entity’s expected losses if they occur. Our land purchase and lot option deposits generally represent our maximum exposure to the land seller if we elect not to purchase the optioned property. In some instances, we may also expend funds for due diligence, development and construction activities with respect to optioned land prior to takedown. Such costs are classified as inventories owned, which we would have to write off should we not exercise the option. Therefore, whenever we enter into a land option or purchase contract with an entity and make a deposit, a VIE may have been created. In accordance with ASC 810, we perform ongoing reassessments of whether we are the primary beneficiary of a VIE. Stock-Based Compensation We account for share-based awards in accordance with ASC Topic 718, Compensation-Stock Compensation (“ASC 718”). ASC 718 requires that the cost resulting from all share-based payment transactions be recognized in the financial statements. ASC 718 requires all entities to apply a fair-value-based measurement method in accounting for share-based payment transactions with employees. Share-based awards are expensed on a straight-line basis over the expected vesting period. Sales and Marketing Expense Following the adoption of ASC 606 on January 1, 2018, costs incurred for tangible assets directly used in the sales process that were previously capitalized to real estate inventories and amortized to cost of home sales, such as our sales offices, and model landscaping and furnishings, are capitalized to other assets and amortized to selling expense as the underlying homes are delivered. All other sales and marketing costs that were previously capitalized to real estate inventories and amortized to cost of home sales, such as advertising signage, brochures, and model and sales office conversion costs are expensed as incurred as selling expense. Income Taxes We account for income taxes in accordance with ASC Topic 740, Income Taxes (“ASC 740”) . Deferred tax assets and liabilities are recorded based on future tax consequences of both temporary differences between the amounts reported for financial reporting purposes and the amounts deductible for income tax purposes, and are measured using enacted tax rates expected to apply in the years in which the temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings in the period when the changes are enacted. Each quarter we assess our deferred tax assets to determine whether all or any portion of the assets is more likely than not unrealizable under ASC 740. We are required to establish a valuation allowance for any portion of the asset we conclude is more likely than not to be unrealizable. Our assessment considers, among other things, the nature, frequency and severity of our current and cumulative losses, forecasts of our future taxable income, the duration of statutory carryforward periods and tax planning alternatives. Due to uncertainties inherent in the estimation process, it is possible that actual results may vary from estimates. The enactment of the Tax Cuts and Jobs Act in the fourth quarter of 2017, among other things, reduced the federal corporate tax rate to 21% from 35%, effective January 1, 2018. This resulted in a $22.0 million reduction in our deferred tax asset for the year ended December 31, 2017. For further details, see Note 15, Income Taxes . We classify any interest and penalties related to income taxes as part of income tax expense. Business Combinations We account for business combinations in accordance with ASC Topic 805, Business Combinations , if the assets acquired and liabilities assumed constitute a business. For acquired companies constituting a business, we recognize the identifiable assets acquired and liabilities assumed at their acquisition-date fair values and recognize any excess of total consideration paid over the fair value of the identifiable assets as goodwill. During the fourth quarter of 2018, we acquired a Dallas–Fort Worth-based homebuilder for an all cash purchase price of approximately $61.5 million . This transaction was accounted for as a business combination in accordance with ASC Topic 805, Business Combinations . For further details, see Note 5, Real Estate Inventories. Goodwill and Other Intangible Assets In accordance with ASC Topic 350, Intangibles-Goodwill and Other (“ASC 350”), we evaluate goodwill and indefinite-lived intangible assets for impairment on an annual basis, or more frequently if events or changes in circumstances between annual tests indicate that it is more likely than not that the asset is impaired. We have identified one reporting unit with goodwill, TRI Pointe Homes, and performed our annual goodwill impairment evaluation as of October 1, 2019. For further details on goodwill, see Note 8, Goodwill and Other Intangible Assets. For our TRI Pointe Homes reporting unit, we performed a qualitative assessment to determine whether it is more likely than not that its fair value is less than its carrying amount. Upon completion of the October 2019 annual impairment assessment, we determined that no goodwill impairment was indicated. As of December 31, 2019 , we are not aware of any significant indicators of impairment that exist for our goodwill that would require additional analysis. An impairment of our indefinite-lived intangible asset is based on a comparison of its fair value to book value, without consideration of any recoverability due to the indefinite nature of the asset. As of December 31, 2019 , we believe that our indefinite-lived intangible asset continues to have an indefinite life and that its fair value exceeds its carrying value. For further details on our indefinite-lived intangible asset, see Note 8, Goodwill and Other Intangible Assets. In accordance with ASC Topic 360, Property, Plant and Equipment (“ASC 360”), we evaluate finite-lived intangible assets for impairment on an annual basis, or more frequently if events or changes in circumstances between annual tests indicate that it is more likely than not that the asset is impaired. An impairment in the carrying value of our finite-lived intangible asset is recognized whenever anticipated future undiscounted cash flows from the asset become unrecoverable and are estimated to be less than its carrying value. As of December 31, 2019 , we believe that the carrying value of our finite-lived intangible asset is recoverable and that its fair value is greater than its carrying value. For further details on our finite-lived intangible asset, see Note 8, Goodwill and Other Intangible Assets. Significant management judgment is required in the forecasts of future operating results that are used in our impairment evaluations. Our estimates are consistent with the plans and estimates that we use to manage our business. It is possible, however, that the plans may change and estimates used may prove to be inaccurate. If our actual results, or the plans and estimates used in future impairment analyses, are lower than the original estimates used to assess the recoverability of these assets, we could incur future impairment charges. Recently Issued Accounting Standards Not Yet Adopted In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment (“ASU 2017-04”), which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted, and applied prospectively. We do not expect the adoption of ASU 2017-04 to have a material impact on our consolidated financial statements. In June 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which replaces the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted. We have adopted ASU 2016-13 on January 1, 2020 and do not expect the adoption to have a material impact on our consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. ASU 2019-12 is effective for the Company beginning after December 15, 2020. We do not expect the adoption of ASU 2019-12 to have a material impact on our consolidated financial statements. Adoption of New Accounting Standards In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (codified as “ASC 842”), which requires an entity to recognize a lease right-of-use asset and lease liability on the balance sheet for the rights and obligations created by leases with durations of greater than 12 months. Right-of-use lease assets represent our right to use the underlying asset for the lease term and the lease obligation represents our commitment to make the lease payments arising from the lease. The guidance also requires more disclosures about leases in the notes to financial statements. We adopted ASC 842 on January 1, 2019, using a modified retrospective approach resulting in the recognition of a cumulative effect adjustment to the opening balance sheet of $57.4 million , which included a lease right-of-use asset offset by a lease liability on our consolidated balance sheet. No prior period adjustment was recorded. Additionally, we have elected the transition package of three practical expedients permitted under ASC 842, which among other things, allows us to retain the current operating classification for all of our existing

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Segment Information	Segment Information We operate two principal businesses: homebuilding and financial services. Our homebuilding operations consist of six homebuilding companies, each operating under different brand names, through which we acquire and develop land and construct and sell single-family detached and attached homes. In accordance with ASC Topic 280, Segment Reporting , in determining the most appropriate reportable segments, we considered similar economic and other characteristics, including product types, average selling prices, gross profits, production processes, suppliers, subcontractors, regulatory environments, land acquisition results, brand names, and underlying demand and supply. Based upon these factors, our homebuilding operations comprise the following six reportable segments: Maracay, consisting of operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California, Colorado and the early stages of expansion into the Carolinas; and Winchester Homes, consisting of operations in Maryland and Virginia. Our TRI Pointe Solutions financial services operation is a reportable segment and is comprised of our TRI Pointe Connect mortgage financing operations, our TRI Pointe Assurance title and escrow services operations, and our TRI Pointe Advantage property and casualty insurance agency operations. For further details, see Note 1, Organization and Summary of Significant Accounting Policies. Corporate is a non-operating segment that develops and implements company-wide strategic initiatives and provides support to our homebuilding reporting segments by centralizing certain administrative functions, such as marketing, legal, accounting, treasury, insurance, internal audit and risk management, information technology and human resources, to benefit from economies of scale. Our Corporate non-operating segment also includes general and administrative expenses related to operating our corporate headquarters. A portion of the expenses incurred by Corporate is allocated to the homebuilding reporting segments. The reportable segments follow the same accounting policies used for our consolidated financial statements, as described in Note 1, Organization and Summary of Significant Accounting Policies . Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented. Total revenues and income before income taxes for each of our reportable segments were as follows (in thousands): 2019 2018 2017 Revenues Maracay $ 272,723 $ 263,321 $ 296,768 Pardee Homes 1,101,580 999,710 826,033 Quadrant Homes 242,174 307,706 247,939 Trendmaker Homes 413,090 310,730 253,825 TRI Pointe Homes 796,958 1,073,592 927,247 Winchester Homes 252,496 305,950 257,089 Total homebuilding revenues 3,079,021 3,261,009 2,808,901 Financial services 3,994 1,738 1,371 Total $ 3,083,015 $ 3,262,747 $ 2,810,272 Income (loss) before taxes Maracay $ 21,040 $ 23,281 $ 23,987 Pardee Homes 198,463 191,793 198,738 Quadrant Homes 3,951 38,366 32,671 Trendmaker Homes 17,133 25,228 16,764 TRI Pointe Homes 49,721 115,632 89,811 Winchester Homes 11,243 23,981 15,472 Corporate (40,887 ) (65,889 ) (45,091 ) Total homebuilding income before income taxes 260,664 352,392 332,352 Financial services 10,423 9,673 7,466 Total $ 271,087 $ 362,065 $ 339,818 Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands): December 31, 2019 December 31, 2018 Real estate inventories Maracay $ 338,259 $ 293,217 Pardee Homes 1,218,384 1,286,877 Quadrant Homes 264,437 279,486 Trendmaker Homes 268,759 271,061 TRI Pointe Homes 737,662 812,799 Winchester Homes 237,935 272,619 Total $ 3,065,436 $ 3,216,059 Total assets Maracay $ 382,262 $ 318,703 Pardee Homes 1,300,047 1,391,503 Quadrant Homes 331,187 313,947 Trendmaker Homes 353,610 325,943 TRI Pointe Homes 930,348 987,610 Winchester Homes 291,456 298,602 Corporate 241,357 228,010 Total homebuilding assets 3,830,267 3,864,318 Financial services 28,423 19,885 Total $ 3,858,690 $ 3,884,203

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the components used in the computation of basic and diluted earnings per share (in thousands, except share and per share amounts): Year Ended December 31, 2019 2018 2017 Numerator: Income available to common stockholders $ 207,187 $ 269,911 $ 187,191 Denominator: Basic weighted-average shares outstanding 140,851,444 148,183,431 154,134,411 Effect of dilutive shares: Stock options and unvested restricted stock units 542,783 821,259 950,955 Diluted weighted-average shares outstanding 141,394,227 149,004,690 155,085,366 Earnings per share Basic $ 1.47 $ 1.82 $ 1.21 Diluted $ 1.47 $ 1.81 $ 1.21 Antidilutive stock options not included in diluted earnings per share 2,636,982 1,645,816 3,288,340

Receivables, Net

Receivables, Net	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Receivables, Net	Receivables, Net Receivables, net consisted of the following (in thousands): December 31, 2019 December 31, 2018 Escrow proceeds and other accounts receivable, net $ 29,282 $ 13,995 Warranty insurance receivable (Note 13) 39,994 37,597 Total receivables $ 69,276 $ 51,592 Receivables are evaluated for collectability and allowances for potential losses are established or maintained on applicable receivables when collection becomes doubtful. Receivables were net of allowances for doubtful accounts of $426,000 in 2019 and $667,000 in 2018 .

Real Estate Inventories

Real Estate Inventories	12 Months Ended
	Dec. 31, 2019
Inventory Disclosure [Abstract]
Real Estate Inventories	Real Estate Inventories Real estate inventories consisted of the following (in thousands): December 31, 2019 December 31, 2018 Real estate inventories owned: Homes completed or under construction $ 951,974 $ 959,911 Land under development 1,641,354 1,743,537 Land held for future development 122,847 201,874 Model homes 275,204 238,828 Total real estate inventories owned 2,991,379 3,144,150 Real estate inventories not owned: Land purchase and land option deposits 74,057 71,909 Total real estate inventories not owned 74,057 71,909 Total real estate inventories $ 3,065,436 $ 3,216,059 Homes completed or under construction is comprised of costs associated with homes in various stages of construction and includes direct construction and related land acquisition and land development costs. Land under development primarily consists of land acquisition and land development costs, which include capitalized interest and real estate taxes, associated with land undergoing improvement activity. Land held for future development principally reflects land acquisition and land development costs related to land where development activity has not yet begun or has been suspended, but is expected to occur in the future. The decrease in land held for future development as of December 31, 2019 compared to December 31, 2018 is attributable to two communities where development activity commenced during the year ended December 31, 2019 and a $7.0 million impairment charge discussed below. During the fourth quarter of 2018, we acquired a Dallas–Fort Worth-based homebuilder for an all cash purchase price of approximately $61.5 million . This transaction was accounted for as a business combination in accordance with ASC Topic 805, Business Combinations . As a result of this transaction, we recorded approximately $63.2 million of real estate inventories owned, approximately $5.5 million of other assets and approximately $7.2 million of accounts payable and other accrued liabilities. All net assets and operations acquired in this transaction are included in the Trendmaker Homes reporting segment in Note 2, Segment Information . Real estate inventories not owned represents deposits related to land purchase and land and lot option agreements as well as consolidated inventory held by variable interest entities. For further details, see Note 7, Variable Interest Entities . Interest incurred, capitalized and expensed were as follows (in thousands): Year Ended December 31, 2019 2018 2017 Interest incurred $ 89,691 $ 91,631 $ 84,264 Interest capitalized (89,691 ) (91,631 ) (84,264 ) Interest expensed $ — $ — $ — Capitalized interest in beginning inventory $ 184,400 $ 176,348 $ 157,329 Interest capitalized as a cost of inventory 89,691 91,631 84,264 Interest previously capitalized as a cost of inventory, included in cost of sales (81,735 ) (83,579 ) (65,245 ) Capitalized interest in ending inventory $ 192,356 $ 184,400 $ 176,348 Interest is capitalized to real estate inventory during development and other qualifying activities. Interest that is capitalized to real estate inventory is included in cost of home sales as related units are delivered. Interest that is expensed as incurred is included in other income, net on the consolidated statements of operations. Real Estate Inventory Impairments and Land Option Abandonments Real estate inventory impairments and land option abandonments consisted of the following (in thousands): Year Ended December 31, 2019 2018 2017 Real estate inventory impairments $ 10,078 $ — $ 854 Land and lot option abandonments and pre-acquisition costs 14,797 5,085 1,199 Total $ 24,875 $ 5,085 $ 2,053 During the year ended December 31, 2019, we recorded real estate inventory impairment charges of $10.1 million , of which $7.0 million related to one held for future development community for TRI Pointe Homes in Sacramento, California, and $3.1 million related to three communities for Trendmaker Homes in Houston, Texas. The discount rates used to calculate fair value were 16% for the TRI Pointe Homes community and 10% to 12% for the three Trendmaker Homes communities. We considered both market risk and community specific risk to arrive at a discount rate appropriate for the level of total risk associated with each community. In addition to owning land and residential lots, we also have option agreements to purchase land and lots at a future date. We have option deposits and capitalized pre-acquisition costs associated with the optioned land and lots. When the economics of a project no longer support acquisition of the land or lots under option, we may elect not to move forward with the acquisition. Option deposits and capitalized pre-acquisition costs associated with the assets under option may be forfeited at that time. Real estate inventory impairments and land option abandonments are recorded in cost of home sales in the consolidated statements of operations.

Investments in Unconsolidated E

Investments in Unconsolidated Entities	12 Months Ended
	Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Entities	Investments in Unconsolidated Entities As of December 31, 2019 , we held equity investments in five active homebuilding partnerships or limited liability companies and one financial services limited liability company. Our participation in these entities may be as a developer, a builder, or an investment partner. Our ownership percentage varies from 7% to 65% , depending on the investment, with no controlling interest held in any of these investments. Subsequent to December 31, 2019, a reconsideration event under ASC 810 occurred for our financial services limited liability company, which will require us to reassess whether the joint venture is a VIE and, if so, whether the Company is the primary beneficiary. The Company will perform this analysis during the quarter ending March 31, 2020. Unconsolidated Financial Information Aggregated assets, liabilities and operating results of the entities we account for as equity-method investments are provided below. Because our ownership interest in these entities varies, a direct relationship does not exist between the information presented below and the amounts that are reflected on our consolidated balance sheets as our investment in unconsolidated entities or on our consolidated statement of operations as equity in income (loss) of unconsolidated entities. Assets and liabilities of unconsolidated entities (in thousands): December 31, 2019 2018 Assets Cash $ 8,537 $ 13,337 Receivables 7,393 4,674 Real estate inventories 116,760 99,864 Other assets 703 811 Total assets $ 133,393 $ 118,686 Liabilities and equity Accounts payable and other liabilities $ 11,009 $ 11,631 Company’s equity 11,745 5,410 Outside interests’ equity 110,639 101,645 Total liabilities and equity $ 133,393 $ 118,686 Results of operations from unconsolidated entities (in thousands): Year Ended December 31, 2019 2018 2017 Net sales $ 30,691 $ 28,745 $ 24,247 Other operating expense (16,981 ) (17,447 ) (13,904 ) Other income 175 97 120 Net income $ 13,885 $ 11,395 $ 10,463 Company’s equity in income (loss) of unconsolidated entities $ 9,264 $ 8,124 $ (5,007 )

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities In the ordinary course of business, we enter into land option agreements in order to procure land and residential lots for future development and the construction of homes. The use of such land option agreements generally allows us to reduce the risks associated with direct land ownership and development, and reduces our capital and financial commitments. Pursuant to these land option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices. Such deposits are recorded as land purchase and land option deposits under real estate inventories not owned in the accompanying consolidated balance sheets. We analyze each of our land option agreements and other similar contracts under the provisions of ASC 810 to determine whether the land seller is a VIE and, if so, whether we are the primary beneficiary. Although we do not have legal title to the underlying land, if we are determined to be the primary beneficiary of the VIE, we will consolidate the VIE in our financial statements and reflect its assets as real estate inventory not owned included in our real estate inventories, its liabilities as debt (nonrecourse) held by VIEs in accrued expenses and other liabilities and the net equity of the VIE owners as noncontrolling interests on our consolidated balance sheets. In determining whether we are the primary beneficiary, we consider, among other things, whether we have the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance. Such activities would include, among other things, determining or limiting the scope or purpose of the VIE, selling or transferring property owned or controlled by the VIE, or arranging financing for the VIE. Creditors of the entities with which we have land option agreements have no recourse against us. The maximum exposure to loss under our land option agreements is limited to non-refundable option deposits and any capitalized pre-acquisition costs. In some cases, we have also contracted to complete development work at a fixed cost on behalf of the land owner and budget shortfalls and savings will be borne by us. Additionally, we have entered into land banking arrangements which require us to complete development work even if we terminate the option to procure land or lots. The following provides a summary of our interests in land option agreements (in thousands): December 31, 2019 December 31, 2018 Deposits Remaining Purchase Price Consolidated Inventory Held by VIEs Deposits Remaining Purchase Price Consolidated Inventory Held by VIEs Consolidated VIEs $ — $ — $ — $ — $ — $ — Unconsolidated VIEs 42,896 440,974 N/A 41,198 433,720 N/A Other land option agreements 31,161 358,345 N/A 30,711 307,498 N/A Total $ 74,057 $ 799,319 $ — $ 71,909 $ 741,218 $ — Unconsolidated VIEs represent land option agreements that were not consolidated because we were not the primary beneficiary. Other land option agreements were not considered VIEs. In addition to the deposits presented in the table above, our exposure to loss related to our land option contracts consisted of capitalized pre-acquisition costs of $6.0 million and $7.5 million as of December 31, 2019 and 2018 , respectively. These pre-acquisition costs were included in real estate inventories as land under development on our consolidated balance sheets.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The Company recorded $139.3 million of goodwill in connection with the Merger with Weyerhaeuser Real Estate Company (WRECO). As of December 31, 2019 and 2018 , $139.3 million of goodwill is included in goodwill and other intangible assets, net, on each of the consolidated balance sheets. The Company’s goodwill balance is included in the TRI Pointe Homes reporting segment in Note 2, Segment Information . We have two intangible assets as of December 31, 2019 , comprised of an existing trade name from the acquisition of Maracay in 2006, which has a 20 year useful life, and a TRI Pointe Homes trade name resulting from the acquisition of WRECO in 2014, which has an indefinite useful life. Goodwill and other intangible assets consisted of the following (in thousands): December 31, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill $ 139,304 $ — $ 139,304 $ 139,304 $ — $ 139,304 Trade names 27,979 (7,390 ) 20,589 27,979 (6,856 ) 21,123 Total $ 167,283 $ (7,390 ) $ 159,893 $ 167,283 $ (6,856 ) $ 160,427 The remaining useful life of our amortizing intangible asset related to Maracay was 6.2 and 7.2 years as of December 31, 2019 and 2018 , respectively. Amortization expense related to this intangible asset was $534,000 for each of the years ended December 31, 2019 and 2018 , and was charged to sales and marketing expense. Our $17.3 million indefinite life intangible asset related to TRI Pointe Homes trade name is not amortizing. All trade names are evaluated for impairment on an annual basis or more frequently if indicators of impairment exist. Expected amortization of our intangible asset related to Maracay for the next five years and thereafter is (in thousands): 2020 $ 534 2021 534 2022 534 2023 534 2024 534 Thereafter 619 Total $ 3,289

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other assets consisted of the following (in thousands): December 31, 2019 December 31, 2018 Prepaid expenses $ 24,070 $ 31,983 Refundable fees and other deposits 30,242 12,376 Development rights, held for future use or sale 2,213 845 Deferred loan costs 4,345 2,424 Operating properties and equipment, net 57,803 54,198 Lease right-of-use assets 50,947 — Other 3,805 3,425 Total $ 173,425 $ 105,251 Lease right-of-use assets was impacted by our one-time cumulative adjustment resulting from the adoption of ASC 842. As a result of our cumulative adjustment, the December 31, 2018 balance increased by $57.4 million on January 1, 2019. For further details, see Note 1, Organization, Basis of Presentation and Summary of Significant Accounting Policies and Note 13, Commitments and Contingencies.

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	12 Months Ended
	Dec. 31, 2019
Payables and Accruals [Abstract]
Accrued Expenses and Other Liabilities	Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consisted of the following (in thousands): December 31, 2019 December 31, 2018 Accrued payroll and related costs $ 42,798 $ 44,010 Warranty reserves (Note 13) 76,607 71,836 Estimated cost for completion of real estate inventories 90,899 114,928 Customer deposits 20,390 17,464 Income tax liability to Weyerhaeuser 346 6,577 Accrued income taxes payable 1,530 8,335 Liability for uncertain tax positions 486 972 Accrued interest 11,952 12,572 Other tax liabilities 8,448 21,892 Lease liabilities 56,125 — Other 12,462 36,563 Total $ 322,043 $ 335,149 Lease liabilities was impacted by our one-time cumulative adjustment resulting from the adoption of ASC 842. As a result of our cumulative adjustment, the December 31, 2018 balance increased by $57.4 million on January 1, 2019. For further details, see Note 1, Organization, Basis of Presentation and Summary of Significant Accounting Policies and Note 13, Commitments and Contingencies.

Senior Notes and Loans Payable

Senior Notes and Loans Payable	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Senior Notes and Loans Payable	Senior Notes and Loans Payable Senior Notes Senior notes consisted of the following (in thousands): December 31, December 31, 4.375% Senior Notes due June 15, 2019 $ — $ 381,895 4.875% Senior Notes due July 1, 2021 300,000 300,000 5.875% Senior Notes due June 15, 2024 450,000 450,000 5.250% Senior Notes due June 1, 2027 300,000 300,000 Discount and deferred loan costs (16,015 ) (21,091 ) Total $ 1,033,985 $ 1,410,804 In June 2017, TRI Pointe Group issued $300.0 million aggregate principal amount of 5.250% Senior Notes due 2027 (the “2027 Notes”) at 100.00% of their aggregate principal amount. Net proceeds of this issuance were $296.3 million , after debt issuance costs and discounts. The 2027 Notes mature on June 1, 2027 and interest is paid semiannually in arrears on June 1 and December 1 of each year until maturity. In May 2016, TRI Pointe Group issued $300.0 million aggregate principal amount of 4.875% Senior Notes due 2021 (the “2021 Notes”) at 99.44% of their aggregate principal amount. Net proceeds of this issuance were $293.9 million , after debt issuance costs and discounts. The 2021 Notes mature on July 1, 2021 and interest is paid semiannually in arrears on January 1 and July 1. TRI Pointe Group and its 100% owned subsidiary TRI Pointe Homes, Inc. (“TRI Pointe Homes”) are co-issuers of the 5.875% Senior Notes due 2024 (the “2024 Notes”) and the 4.375% Senior Notes that matured on June 15, 2019 (the “2019 Notes”). The 2024 Notes were issued at 98.15% of their aggregate principal amount. The net proceeds from the offering were $861.3 million , after debt issuance costs and discounts. The 2024 Notes mature on June 15, 2024 , with interest payable semiannually in arrears on June 15 and December 15. As of December 31, 2019 there was $11.1 million of capitalized debt financing costs, included in senior notes, net on our consolidated balance sheet, that will amortize over the lives of the Senior Notes. Accrued interest related to the Senior Notes was $9.8 million and $11.5 million as of December 31, 2019 and 2018 , respectively. Loans Payable The Company’s outstanding loans payable consisted of the following (in thousands): December 31, December 31, Term loan facility $ 250,000 $ — Unsecured revolving credit facility — — Total $ 250,000 $ — On March 29, 2019, we entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”), which amended and restated our Amended and Restated Credit Agreement, dated as of July 7, 2015. The Credit Facility (as defined below), which matures on March 29, 2023, consists of a $600 million revolving credit facility (the “Revolving Facility”) and a $250 million term loan facility (the “Term Facility” and together with the Revolving Facility, the “Credit Facility”). The Term Facility includes a 90-day delayed draw provision, which allowed us to draw the full $250 million from the Term Facility in June 2019 in connection with the maturity of the 2019 Notes. We may increase the Credit Facility to not more than $1 billion in the aggregate, at our request, upon satisfaction of specified conditions. The Revolving Facility contains a sublimit of $75 million for letters of credit. We may borrow under the Revolving Facility in the ordinary course of business to repay senior notes and fund our operations, including our land acquisition, land development and homebuilding activities. Borrowings under the Revolving Facility will be governed by, among other things, a borrowing base. Interest rates on borrowings under the Revolving Facility will be based on either a daily Eurocurrency base rate or a Eurocurrency rate, in either case, plus a spread ranging from 1.25% to 2.00% , depending on our leverage ratio. Interest rates on borrowings under the Term Facility will be based on either a daily Eurocurrency base rate or a Eurocurrency rate, in either case, plus a spread ranging from 1.10% to 1.85% , depending on the Company’s leverage ratio. We had no outstanding debt under the Revolving Facility as of December 31, 2019 and 2018 . As of December 31, 2019 , we had $250 million outstanding debt under the Term Facility with an interest rate of 3.29% . As of December 31, 2019 and 2018 , there was $4.3 million and $2.4 million , of capitalized debt financing costs. These costs related to the Credit Facility will amortize over the remaining term of the Credit Facility and are included in other assets on our consolidated balance sheets. Accrued interest, including loan commitment fees, related to the Credit Facility was $1.2 million and $402,000 as of December 31, 2019 and December 31, 2018, respectively. At December 31, 2019 and 2018 , we had outstanding letters of credit of $32.6 million and $31.8 million , respectively. These letters of credit were issued to secure various financial obligations. We believe it is not probable that any outstanding letters of credit will be drawn upon. Interest Incurred During the years ended December 31, 2019 and 2018 , the Company incurred interest of $89.7 million and $91.6 million , respectively, related to all notes payable and Senior Notes outstanding during the period. All interest incurred was capitalized to inventory for the years ended December 31, 2019 and 2018 , respectively. Included in interest incurred was amortization of deferred financing and Senior Notes discount costs of $6.3 million and $8.0 million for the years ended December 31, 2019 and 2018 , respectively. Accrued interest related to all outstanding debt at December 31, 2019 and 2018 was $12.0 million and $12.6 million , respectively. Covenant Requirements The Senior Notes contain covenants that restrict our ability to, among other things, create liens or other encumbrances, enter into sale and leaseback transactions, or merge or sell all or substantially all of our assets. These limitations are subject to a number of qualifications and exceptions. Under the Credit Facility, the Company is required to comply with certain financial covenants, including but not limited to (i) a minimum consolidated tangible net worth; (ii) a maximum total leverage ratio; and (iii) a minimum interest coverage ratio. The Company was in compliance with all applicable financial covenants as of December 31, 2019 and December 31, 2018 .

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures Fair Value Measurements ASC Topic 820, Fair Value Measurements and Disclosures , defines “fair value” as the price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at measurement date and requires assets and liabilities carried at fair value to be classified and disclosed in the following three categories: • Level 1—Quoted prices for identical instruments in active markets • Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at measurement date • Level 3—Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at measurement date Fair Value of Financial Instruments A summary of assets and liabilities at December 31, 2019 and 2018 , related to our financial instruments, measured at fair value on a recurring basis, is set forth below (in thousands): December 31, 2019 December 31, 2018 Hierarchy Book Value Fair Value Book Value Fair Value Senior Notes (1) Level 2 $ 1,045,072 $ 1,104,750 $ 1,425,397 $ 1,308,826 Term loan (2) Level 2 $ 250,000 $ 250,000 $ — $ — __________ (1) The book value of the Senior Notes is net of discounts, excluding deferred loan costs of $11.1 million and $14.6 million as of December 31, 2019 and 2018 , respectively. The estimated fair value of our Senior Notes at December 31, 2019 and 2018 is based on quoted market prices. (2) The estimated fair value of the Term Loan Facility as of December 31, 2019 approximated book value due to the variable interest rate terms of these loans. At December 31, 2019 and 2018 , the carrying value of cash and cash equivalents, receivables, other assets, accounts payable and accrued expenses and other liabilities approximated fair value due to their short-term nature and variable interest rate terms. Fair Value of Nonfinancial Assets Nonfinancial assets include items such as real estate inventories and long-lived assets that are measured at fair value on a nonrecurring basis with events and circumstances indicating the carrying value is not recoverable. The following table presents impairment charges and the remaining net fair value for nonfinancial assets that were measured during the periods presented (in thousands): Year Ended December 31, 2019 Year Ended December 31, 2018 Hierarchy Impairment Fair Value Impairment Fair Value Real estate inventories (1) Level 3 $ 10,078 $ 9,735 $ — $ — (1) Fair value of real estate inventories, net of impairment charges represents only those assets whose carrying values were adjusted to fair value in the respective periods presented. The impairment charges recorded during the year ended December 31, 2019 relate to four communities where the carrying value of each community exceeded the fair value based on a discounted cash flow analysis. For further details, see Note 5, Real Estate Inventories.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters Lawsuits, claims and proceedings have been and may be instituted or asserted against us in the normal course of business, including actions brought on behalf of various classes of claimants. We are also subject to local, state and federal laws and regulations related to land development activities, house construction standards, sales practices, employment practices, environmental protection and financial services. As a result, we are subject to periodic examinations or inquiry by agencies administering these laws and regulations. We record a reserve for potential legal claims and regulatory matters when they are probable of occurring and a potential loss is reasonably estimable. We accrue for these matters based on facts and circumstances specific to each matter and revise these estimates when necessary. In view of the inherent difficulty of predicting outcomes of legal claims and related contingencies, we generally cannot predict their ultimate resolution, related timing or eventual loss. Accordingly, it is possible that the ultimate outcome of any matter, if in excess of a related accrual or if no accrual was made, could be material to our financial statements. For matters as to which the Company believes a loss is probable and reasonably estimable, we had a $419,000 legal reserve as of December 31, 2019 . As of December 31, 2018 , we had a $17.5 million legal reserve related to a settlement in connection with a previously disclosed lawsuit involving a land sale that occurred in 1989, included in accrued expenses and other liabilities on our consolidated balance sheet. This settlement was paid on February 4, 2019. Warranty Warranty reserves are accrued as home deliveries occur. Our warranty reserves on homes delivered will vary based on product type and geographic area and also depending on state and local laws. The warranty reserve is included in accrued expenses and other liabilities on our consolidated balance sheets and represents expected future costs based on our historical experience over previous years. Estimated warranty costs are charged to cost of home sales in the period in which the related home sales revenue is recognized. We maintain general liability insurance designed to protect us against a portion of our risk of loss from warranty and construction defect-related claims. We also generally require our subcontractors and design professionals to indemnify us for liabilities arising from their work, subject to various limitations. However, such indemnity is significantly limited with respect to certain subcontractors that are added to our general liability insurance policy. Our warranty reserve and related estimated insurance recoveries are based on actuarial analysis that uses our historical claim and expense data, as well as industry data to estimate these overall costs and related recoveries. Key assumptions used in developing these estimates include claim frequencies, severities and resolution patterns, which can occur over an extended period of time. These estimates are subject to variability due to the length of time between the delivery of a home to a homebuyer and when a warranty or construction defect claim is made, and the ultimate resolution of such claim; uncertainties regarding such claims relative to our markets and the types of product we build; and legal or regulatory actions and/or interpretations, among other factors. Due to the degree of judgment involved and the potential for variability in these underlying assumptions, our actual future costs could differ from those estimated. There can be no assurance that the terms and limitations of the limited warranty will be effective against claims made by homebuyers, that we will be able to renew our insurance coverage or renew it at reasonable rates, that we will not be liable for damages, cost of repairs, and/or the expense of litigation surrounding possible construction defects, soil subsidence or building related claims or that claims will not arise out of uninsurable events or circumstances not covered by insurance and not subject to effective indemnification agreements with certain subcontractors. We also record expected recoveries from insurance carriers based on actual insurance claims made and actuarially determined amounts that depend on various factors, including, the above-described reserve estimates, our insurance policy coverage limits for the applicable policy years and historical recovery rates. Because of the inherent uncertainty and variability in these assumptions, our actual insurance recoveries could differ significantly from amounts currently estimated. Outstanding warranty insurance receivables were $40.0 million and $37.6 million as of December 31, 2019 and 2018 , respectively. Warranty insurance receivables are recorded in receivables on the accompanying consolidated balance sheet. Warranty reserves consisted of the following (in thousands): Year Ended December 31, 2019 2018 2017 Warranty reserves, beginning of period $ 71,836 $ 69,373 $ 83,135 Warranty reserves accrued 27,537 25,340 13,336 Adjustments to pre-existing reserves (427 ) (4,286 ) (9,354 ) Warranty expenditures (22,339 ) (18,591 ) (17,744 ) Warranty reserves, end of period $ 76,607 $ 71,836 $ 69,373 Performance Bonds We obtain surety bonds in the normal course of business with various municipalities and other government agencies to secure completion of certain infrastructure improvements of our projects. As of December 31, 2019 and December 31, 2018 , the Company had outstanding surety bonds totaling $611.6 million and $685.7 million , respectively. As of December 31, 2019 and December 31, 2018 , our estimated cost to complete obligations related to these surety bonds was $382.3 million and $423.4 million , respectively. If any such performance bonds or letters of credit are called, we would be obligated to reimburse the issuer of the performance bond or letter of credit. We do not believe that a material amount of any currently outstanding performance bonds or letters of credit will be called. Performance bonds do not have stated expiration dates. Rather, we are released from the performance bonds as the underlying performance is completed. Lease Obligations Under ASC 842, we recognize a right-of-use lease asset and a lease liability for contracts deemed to contain a lease at the inception of the contract. Our lease population is fully comprised of operating leases, which are now recorded at the net present value of future lease obligations subsequent to January 1, 2019. At the inception of a lease, or if a lease is subsequently modified, we determine whether the lease is an operating or financing lease. Key estimates involved with ASC 842 include the discount rate used to measure our future lease obligations and the lease term, where considerations include renewal options and intent to renew. Lease right-of-use assets are included in other assets and lease liabilities are included in accrued expenses and other liabilities on our consolidated balance sheet. Operating Leases We lease certain property and equipment under non-cancelable operating leases. Office leases are for terms of up to ten years and generally provide renewal options. In most cases, we expect that, in the normal course of business, leases that expire will be renewed or replaced by other leases. Equipment leases are typically for terms of three to four years . For the years ended December 31, 2019 , 2018 and 2017 , lease expense was $9.2 million , $7.9 million and $7.0 million , respectively. Rental expense is included in general and administrative expenses on the consolidated statements of operations. Ground Leases In 1987, we obtained two 55 -year ground leases of commercial property that provided for three renewal options of ten years each and one 45 -year renewal option. We exercised the three ten -year extensions on one of these ground leases to extend the lease through 2071. The commercial buildings on these properties have been sold and the ground leases have been sublet to the buyers. For one of these leases, we are responsible for making lease payments to the land owner, and we collect sublease payments from the buyers of the buildings. This ground lease has been subleased through 2041 to the buyers of the commercial buildings. For the second lease, the buyers of the buildings are responsible for making lease payments directly to the land owner, however, we have guaranteed the performance of the buyers/lessees. See below for additional information on leases (dollars in thousands): Year Ended December 31, 2019 Lease Cost Operating lease cost (included in SG&A expense) $ 9,228 Ground lease cost (included in other operations expense) 2,434 Sublease income, ground leases (included in other operations revenue) (2,470 ) Net lease cost $ 9,192 Other information Cash paid for amounts included in the measurement of lease liabilities: Operating lease cash flows (included in operating cash flows) $ 6,513 Ground lease cash flows (included in operating cash flows) $ 2,434 Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,473 December 31, 2019 Weighted-average discount rate: Operating leases 5.9 % Ground leases 10.2 % Weighted-average remaining lease term (in years): Operating leases 6.1 Ground leases 48.1 The future minimum lease payments under our operating leases are as follows (in thousands): Property, Equipment and Other Leases Ground Leases (1) 2020 $ 8,592 $ 2,984 2021 7,192 2,984 2022 5,598 2,984 2023 4,492 2,984 2024 2,768 2,984 Thereafter 6,403 81,282 Total operating lease payments $ 35,045 $ 96,202 Less: Interest 5,804 69,318 Present value of operating lease liabilities $ 29,241 $ 26,884 (1) Ground leases are fully subleased through 2041, representing $65.2 million of the $96.2 million future ground lease obligations. Purchase Obligations In the ordinary course of business, we enter into land option contracts in order to procure lots for the construction of our homes. We are subject to customary obligations associated with entering into contracts for the purchase of land and improved lots. These purchase contracts typically require a cash deposit and the purchase of properties under these contracts is generally contingent upon satisfaction of certain requirements by the sellers, including obtaining applicable property and development entitlements. We also utilize option contracts with land sellers and land banking arrangements as a method of acquiring land in staged takedowns, to help us manage the financial and market risk associated with land holdings, and to reduce the use of funds from our corporate financing sources. These option contracts and land banking arrangements generally require a non-refundable deposit for the right to acquire land and lots over a specified period of time at pre-determined prices. We generally have the right at our discretion, to terminate our obligations under both purchase contracts and option contracts by forfeiting our cash deposit with no further financial responsibility to the land seller. In some cases, however, we may be contractually obligated to complete development work even if we terminate the option to procure land or lots. As of December 31, 2019 , we had $74.1 million of non-refundable cash deposits pertaining to land option contracts and purchase contracts with an aggregate remaining purchase price of approximately $799.3 million (net of deposits). Our utilization of land option contracts and land banking arrangements is dependent on, among other things, the availability of land sellers or land banking firms willing to enter into such option takedown arrangements, the availability of capital to financial intermediaries to finance the development of optioned lots, general housing market conditions, and local market dynamics. Options may be more difficult to procure from land sellers in strong housing markets and are more prevalent in certain geographic regions.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation 2013 Long-Term Incentive Plan The Company’s stock compensation plan, the 2013 Long-Term Incentive Plan (the “2013 Incentive Plan”), was adopted by TRI Pointe in January 2013, amended with the approval of our stockholders in 2014 and 2015, and amended and restated in 2019. In addition, our board of directors amended the 2013 Incentive Plan in 2014 to prohibit repricing (other than in connection with any equity restructuring or any change in capitalization) of outstanding options or stock appreciation rights without stockholder approval. On February 21, 2019, our board of directors approved an amendment and restatement of the 2013 Incentive Plan. The 2013 Incentive Plan provides for the grant of equity-based awards, including options to purchase shares of common stock, stock appreciation rights, bonus stock, restricted stock, restricted stock units and performance awards. The 2013 Incentive Plan will automatically expire on the tenth anniversary of its effective date. Our board of directors may terminate or amend the 2013 Incentive Plan at any time, subject to any requirement of stockholder approval required by applicable law, rule or regulation. The number of shares of our common stock that may be issued under the 2013 Incentive Plan is 11,727,833 shares. To the extent that shares of our common stock subject to an outstanding option, stock appreciation right, stock award or performance award granted under the 2013 Incentive Plan are not issued or delivered by reason of the expiration, termination, cancellation or forfeiture of such award or the settlement of such award in cash, then such shares of our common stock generally shall again be available under the 2013 Incentive Plan. As of December 31, 2019 there were 5,847,900 shares available for future grant under the 2013 Incentive Plan. The following table presents compensation expense recognized related to all stock-based awards (in thousands): Year Ended December 31, 2019 2018 2017 Total stock-based compensation $ 14,806 $ 14,814 $ 15,906 Stock-based compensation is charged to general and administrative expense on the accompanying consolidated statements of operations. As of December 31, 2019 , total unrecognized stock-based compensation related to all stock-based awards was $16.6 million and the weighted average term over which the expense was expected to be recognized was 1.7 years. Summary of Stock Option Activity The following table presents a summary of stock option awards for the year ended December 31, 2019 : Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (in thousands) Options outstanding at December 31, 2018 953,905 $ 14.58 4.2 $ 296 Granted — — — Exercised (58,937 ) $ 7.84 Forfeited (3,625 ) $ 14.29 Options outstanding at December 31, 2019 891,343 $ 15.03 3.4 $ 994 Options exercisable at December 31, 2019 891,343 $ 15.03 3.4 $ 994 The intrinsic value of each stock option award outstanding or exercisable is the difference between the fair market value of the Company’s common stock at the end of the period and the exercise price of each stock option award to the extent it is considered “in-the-money”. A stock option award is considered to be “in-the-money” if the fair market value of the Company’s stock is greater than the exercise price of the stock option award. The aggregate intrinsic value of options outstanding and options exercisable represents the value that would have been received by the holders of stock option awards had they exercised their stock option award on the last trading day of the period and sold the underlying shares at the closing price on that day. The total intrinsic value of stock option awards exercised during the years ended December 31, 2019 , 2018 and 2017 was $354,000 , $873,000 , and $4.5 million , respectively. There were no stock option awards granted during the years ended December 31, 2019 , 2018 and 2017 . Summary of Restricted Stock Unit Activity The following table presents a summary of restricted stock units (“RSUs”) for the year ended December 31, 2019 : Restricted Stock Units Weighted Average Grant Date Fair Value Per Share Aggregate Intrinsic Value (in thousands) Nonvested RSUs at December 31, 2018 3,341,848 $ 11.05 $ 36,526 Granted 1,656,333 $ 12.15 Vested (844,734 ) $ 12.95 Forfeited (769,096 ) $ 5.45 Nonvested RSUs at December 31, 2019 3,384,351 $ 12.39 $ 52,694 The total intrinsic value of restricted stock units that vested during the years ended December 31, 2019 , 2018 and 2017 was $10.9 million , $17.8 million , and $8.8 million , respectively. The total grant date fair value of restricted stock awards granted during the years ended December 31, 2019 , 2018 and 2017 were $20.1 million , $17.8 million , and $18.4 million , respectively. On May 6, 2019, the Company granted an aggregate of 61,488 time-based RSUs to the non-employee members of its board of directors and 1,098 time-based RSUs to certain employees. The RSUs granted to non-employee directors vest in their entirety on the day immediately prior to the Company’s 2020 Annual Meeting of Stockholders and the RSUs granted to employees vest in equal installments annually on the anniversary of the grant date over a three-year period. The fair value of each RSU granted on May 6, 2019 was measured using a price of $13.66 per share, which was the closing stock price on the date of grant. Each award will be expensed on a straight-line basis over the vesting period. On March 11, 2019 and February 28, 2019, the Company granted an aggregate of 3,025 and 990,723 , respectively, of time-based RSUs to certain employees and officers. The RSUs granted vest in equal installments annually on the anniversary of the grant date over a three-year period. The fair value of each RSU granted on March 11, 2019 and February 28, 2019 was measured using a price of $13.22 and $12.60 per share, respectively, which were the closing stock prices on the dates of grant. Each award will be expensed on a straight-line basis over the vesting period. On February 28, 2019, the Company granted 247,619 , 238,095 and 114,285 performance-based RSUs to the Company’s Chief Executive Officer, President, and Chief Financial Officer, respectively. These performance-based RSUs are allocated to two separate performance metrics, as follows: (i) thirty percent to total stockholder return (“TSR”), with vesting based on the Company’s TSR relative to its peer-group homebuilders; and (ii) seventy percent to earnings per share. The vesting, if at all, of these performance-based RSUs may range from 0% to 100% and will be based on the Company’s percentage attainment of specified threshold, target and maximum performance goals. The performance period for these performance-based RSUs is January 1, 2019 to December 31, 2021. The fair value of the performance-based RSUs related to the TSR metric was determined to be $8.16 per share based on a Monte Carlo simulation. The fair value of the performance-based RSUs related to the earnings per share goal was measured using a price of $12.60 per share, which was the closing stock price on the date of grant. Each award will be expensed over the requisite service period. On May 7, 2018 and February 22, 2018, the Company granted an aggregate of 4,258 and 633,107 , respectively, of time-vested RSUs to certain employees and officers. The RSUs granted vest in equal installments annually on the anniversary of the grant date over a three -year period. The fair value of each RSU granted on May 7, 2018 and February 22, 2018 was measured using a price of $17.61 and $16.94 per share, respectively, which was the closing stock price on the date of grant. Each award will be expensed on a straight-line basis over the vesting period. On April 30, 2018, the Company granted an aggregate of 40,910 RSUs to the non-employee members of its board of directors. On July 23, 2018, the Company granted 6,677 RSUs to a non-employee member of its board of directors in connection with such individual’s appointment to the board of directors. These RSUs vested in their entirety on the day immediately prior to the Company’s 2019 Annual Meeting of Stockholders. The fair value of each RSU granted on April 30, 2018 and July 23, 2018 was measured using a price of $17.11 and $16.37 per share, respectively, which was the closing stock price on the date of grant. Each award will be expensed on a straight-line basis over the vesting period. On February 22, 2018, the Company granted 184,179 , 177,095 , and 85,005 performance-based RSUs to the Company’s Chief Executive Officer, President, and Chief Financial Officer, respectively. These performance-based RSUs are allocated in equal parts to two separate performance metrics: (i) TSR, with vesting based on the Company’s TSR relative to its peer-group homebuilders; and (ii) earnings per share. The vesting, if at all, of these performance-based RSUs may range from 0% to 100% and will be based on the Company’s percentage attainment of specified threshold, target and maximum performance goals. The performance period for these performance-based RSUs is January 1, 2018 to December 31, 2020. The fair value of the performance-based RSUs related to the TSR metric was determined to be $10.97 per share based on a Monte Carlo simulation. The fair value of the performance-based RSUs related to the earnings per share goal was measured using a price of $16.94 per share, which was the closing stock price on the date of grant. Each award will be expensed over the requisite service period. On February 15, 2018, the Compensation Committee of our Board of Directors certified the performance achieved with respect to performance-based RSUs granted to the Company’s Chief Executive Officer, President, and Chief Financial Officer in 2015 that resulted in the issuance of 197,898 shares of our common stock under the 2013 Incentive Plan. The vesting of these performance-based RSUs is included in the table above. RSUs that were forfeited, as reflected in the table above, during the year ended December 31, 2018 included performance-based RSUs and time-based RSUs that were forfeited for no consideration. As RSUs vest for employees, a portion of the shares awarded is generally withheld to cover employee tax withholdings. As a result, the number of RSUs vested and the number of shares of common stock issued will differ.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income tax attributable to income before income taxes consisted of (in thousands): Year Ended December 31, 2019 2018 2017 Current: Federal $ 38,782 $ 70,098 $ 95,814 State 7,253 10,941 8,961 Total current taxes 46,035 81,039 104,775 Deferred: Federal 9,698 (350 ) 37,151 State 8,167 9,863 10,341 Total deferred taxes 17,865 9,513 47,492 Total income tax expense $ 63,900 $ 90,552 $ 152,267 The Company’s provision for income taxes was different from the amount computed by applying the statutory federal income tax rate of 21% to the underlying income before income taxes as a result of the following (in thousands): Year Ended December 31, 2019 2018 2017 Taxes at the U.S. federal statutory rate $ 56,935 $ 76,009 $ 118,936 State income taxes, net of federal tax impact 10,221 13,603 10,712 Domestic production activities deduction — — (7,108 ) Non-deductible transaction costs 145 234 541 Change in valuation allowance (3 ) — 3,256 Tax Cuts and Jobs Act — (740 ) 21,961 Federal energy credits (6,873 ) — — Other, net 3,475 1,446 3,969 Total income tax expense $ 63,900 $ 90,552 $ 152,267 Effective income tax rate 23.6 % 25.0 % 44.8 % Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax basis, and for operating loss and tax credit carryforwards. Deferred taxes consisted of the following at December 31, 2019 and 2018 (in thousands): Year Ended December 31, 2019 2018 Deferred tax assets: Impairment and other valuation reserves $ 31,781 $ 37,573 Incentive compensation 5,818 5,946 Indirect costs capitalized 21,160 20,348 Operating lease liability 14,210 — Net operating loss carryforwards (state) 13,254 18,702 State taxes 1,315 2,275 Other costs and expenses 10,909 10,848 Gross deferred tax assets 98,447 95,692 Valuation allowance (3,450 ) (3,449 ) Deferred tax assets, net of valuation allowance 94,997 92,243 Deferred tax liabilities: Interest capitalized (7,944 ) (7,355 ) Basis difference in inventory (6,982 ) (8,170 ) Fixed assets (10,766 ) (2,473 ) Intangibles (5,062 ) (5,187 ) Operating lease asset (13,131 ) — Deferred financing costs (757 ) (802 ) Other (451 ) (488 ) Deferred tax liabilities (45,093 ) (24,475 ) Net deferred tax assets $ 49,904 $ 67,768 On December 22, 2017, the Tax Cuts and Jobs Act (“the Act”) was enacted, reducing the U.S. federal corporate income tax rate from 35% to 21%, among other changes. We applied the guidance in SAB 118 when accounting for the enactment-date effects of the Act in 2017 and throughout 2018. During the year ended December 31, 2017, the Company remeasured certain deferred tax assets and liabilities based on the rates at which they were expected to reverse in the future (which was generally 21%) by recording a provisional amount of $22.0 million . During the year ended December 31, 2018, we completed our accounting for all of the enactment-date income tax effects of the Act, and recorded a benefit of $740,000 due to favorable provision to return adjustments upon filing of the federal consolidated return. The Company accounts for income taxes in accordance with ASC 740, which requires an asset and liability approach for measuring deferred taxes based on temporary differences between the financial statements and tax bases of assets and liabilities using enacted tax rates for the years in which taxes are expected to be paid or recovered. Each quarter we assess our deferred tax asset to determine whether all or any portion of the asset is more likely than not unrealizable under ASC 740. We are required to establish a valuation allowance for any portion of the asset we conclude is more likely than not to be unrealizable. Our assessment considers, among other things, the nature, frequency and severity of our current and cumulative losses, forecasts of our future taxable income, the duration of statutory carryforward periods and tax planning alternatives. As of December 31, 2019 , the Company had a state net operating loss carryforward of $197.0 million , which will expire between 2028 and 2036 . As of December 31, 2019 and 2018 , we had a valuation allowance on our deferred tax assets of $3.5 million and $3.4 million , respectively. The valuation allowance as of December 31, 2019 and 2018 primarily related to an impairment of our investment in an unconsolidated joint venture that, if dissolved, would result in a capital loss, the realization of which is uncertain. The Company will continue to evaluate both positive and negative evidence in determining the need for a valuation allowance against its deferred tax assets. Changes in positive and negative evidence, including differences between the Company’s future operating results and the estimates utilized in the determination of the valuation allowance, could result in changes in the Company’s estimate of the valuation allowance against its deferred tax assets. The accounting for deferred taxes is based upon estimates of future results. Differences between the anticipated and actual outcomes of these future results could have a material impact on the Company’s consolidated results of operations or financial position. Also, changes in existing federal and state tax laws and tax rates could affect future tax results and the valuation allowance against the Company’s deferred tax assets. Unrecognized tax benefits represent potential future obligations to taxing authorities if uncertain tax positions we have taken on previously filed tax returns are not sustained. These amounts represent the gross amount of exposure in individual jurisdictions and do not reflect any additional benefits expected to be realized if such positions were not sustained, such as federal deduction that could be realized if an unrecognized state deduction was not sustained. The Company files income tax returns in the U.S., including federal and multiple state and local jurisdictions. We are currently under examination by the IRS for federal tax year 2017 and California for tax years 2015 and 2016. The outcome of these examinations is not yet determinable. The Company’s tax years 2016 to 2018 will remain open to examination by the federal and state authorities for three and four years, respectively, from the date of utilization of any net operating loss or credit carryforwards. The following table summarizes the activity related to the Company’s gross unrecognized tax benefits (in thousands): Year Ended December 31, 2019 2018 Balance at beginning of year $ 1,014 $ 1,521 Increase (decrease) related to prior year tax positions (507 ) (507 ) Balance at end of year $ 507 $ 1,014 The Company classifies interest and penalties related to income taxes as part of income tax expense. The Company has not recorded any tax expense for interest and penalties on uncertain tax positions during the years ended December 31, 2019, 2018 and 2017. The Company estimates that the uncertain tax positions, if reversed, would result in a tax benefit of approximately $486,000 .

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions We had no related party transactions for the years ended December 31, 2019, 2018 or 2017.

Supplemental Disclosure to Cons

Supplemental Disclosure to Consolidated Statement of Cash Flow	12 Months Ended
	Dec. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosure to Consolidated Statement of Cash Flow	Supplemental Disclosure to Consolidated Statement of Cash Flow The following are supplemental disclosures to the consolidated statements of cash flows (in thousands): Year Ended December 31, 2019 2018 2017 Supplemental disclosure of cash flow information: Cash paid during the period for: Interest paid (capitalized), net $ (5,660 ) $ 19,548 $ (18,274 ) Income taxes $ 154,730 $ 102,149 $ 74,388 Supplemental disclosures of noncash activities: Accrued liabilities related to the purchase of operating properties and equipment $ — $ 685 $ — Amortization of senior note discount capitalized to real estate inventory $ 1,570 $ 2,112 $ 2,048 Amortization of deferred loan costs capitalized to real estate inventory $ 4,148 $ 5,927 $ 5,578 Increase in other assets related to adoption of ASC 606 $ — $ 39,534 $ — Effect of net consolidation and de-consolidation of variable interest entities: Decrease in consolidated real estate inventory not owned $ — $ — $ (17,485 ) Increase in noncontrolling interests $ — $ — $ 17,485

Supplemental Guarantor Informat

Supplemental Guarantor Information	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Supplemental Guarantor Information	Supplemental Guarantor Information 2021 Notes and 2027 Notes On May 26, 2016, TRI Pointe Group issued the 2021 Notes. On June 5, 2017, TRI Pointe Group issued the 2027 Notes. All of TRI Pointe Group’s 100% owned subsidiaries that are guarantors (each a “Guarantor” and, collectively, the “Guarantors”) of the Credit Facility, including TRI Pointe Homes, are party to supplemental indentures pursuant to which they jointly and severally guarantee TRI Pointe Group’s obligations with respect to the 2021 Notes and the 2027 Notes. Each Guarantor of the 2021 Notes and the 2027 Notes is 100% owned by TRI Pointe Group, and all guarantees are full and unconditional, subject to customary exceptions pursuant to the indentures governing the 2021 Notes and the 2027 Notes, as described in the following paragraph. All of our non-Guarantor subsidiaries have nominal assets and operations and are considered minor, as defined in Rule 3-10(h) of Regulation S-X. In addition, TRI Pointe Group has no independent assets or operations, as defined in Rule 3-10(h) of Regulation S-X. There are no significant restrictions upon the ability of TRI Pointe Group or any Guarantor to obtain funds from any of their respective wholly owned subsidiaries by dividend or loan. None of the assets of our subsidiaries represent restricted net assets pursuant to Rule 4-08(e)(3) of Regulation S-X. A Guarantor of the 2021 Notes and the 2027 Notes shall be released from all of its obligations under its guarantee if (i) all of the assets of the Guarantor have been sold; (ii) all of the equity interests of the Guarantor held by TRI Pointe Group or a subsidiary thereof have been sold; (iii) the Guarantor merges with and into TRI Pointe Group or another Guarantor, with TRI Pointe Group or such other Guarantor surviving the merger; (iv) the Guarantor is designated “unrestricted” for covenant purposes; (v) the Guarantor ceases to guarantee any indebtedness of TRI Pointe Group or any other Guarantor which gave rise to such Guarantor guaranteeing the 2021 Notes or the 2027 Notes; (vi) TRI Pointe Group exercises its legal defeasance or covenant defeasance options; or (vii) all obligations under the applicable supplemental indenture are discharged. 2019 Notes and 2024 Notes TRI Pointe Group and TRI Pointe Homes are co-issuers of the 2019 Notes and the 2024 Notes. All of the Guarantors (other than TRI Pointe Homes) have entered into supplemental indentures pursuant to which they jointly and severally guarantee the obligations of TRI Pointe Group and TRI Pointe Homes with respect to the 2019 Notes and the 2024 Notes. Each Guarantor of the 2019 Notes and the 2024 Notes is 100% owned by TRI Pointe Group and TRI Pointe Homes, and all guarantees are full and unconditional, subject to customary exceptions pursuant to the indentures governing the 2019 Notes and the 2024 Notes, as described below. A Guarantor of the 2019 Notes and the 2024 Notes shall be released from all of its obligations under its guarantee if (i) all of the assets of the Guarantor have been sold; (ii) all of the equity interests of the Guarantor held by TRI Pointe or a subsidiary thereof have been sold; (iii) the Guarantor merges with and into TRI Pointe or another Guarantor, with TRI Pointe or such other Guarantor surviving the merger; (iv) the Guarantor is designated “unrestricted” for covenant purposes; (v) the Guarantor ceases to guarantee any indebtedness of TRI Pointe or any other Guarantor which gave rise to such Guarantor guaranteeing the 2019 Notes and 2024 Notes; (vi) TRI Pointe exercises its legal defeasance or covenant defeasance options; or (vii) all obligations under the applicable indenture are discharged. Presented below are the condensed consolidating balance sheets at December 31, 2019 and December 31, 2018 , condensed consolidating statements of operations for the full years ended December 31, 2019 , 2018 and 2017 , and condensed consolidating statements of cash flows for the full years ended December 31, 2019 , 2018 and 2017 . Because TRI Pointe’s non-Guarantor subsidiaries are considered minor, as defined in Rule 3-10(h) of Regulation S-X, the non-Guarantor subsidiaries’ information is not separately presented in the tables below, but is included with the Guarantors. Additionally, because TRI Pointe Group has no independent assets or operations, as defined in Rule 3-10(h) of Regulation S-X, the condensed consolidated financial information of TRI Pointe Group and TRI Pointe Homes, the co-issuers of the 2019 Notes and 2024 Notes, is presented together in the column titled “Issuer”. Condensed Consolidating Balance Sheet (in thousands): December 31, 2019 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Assets Cash and cash equivalents $ 186,200 $ 142,811 $ — $ 329,011 Receivables 26,016 43,260 — 69,276 Intercompany receivables 576,846 — (576,846 ) — Real estate inventories 737,662 2,327,774 — 3,065,436 Investments in unconsolidated entities — 11,745 — 11,745 Goodwill and other intangible assets, net 156,604 3,289 — 159,893 Investments in subsidiaries 1,870,885 — (1,870,885 ) — Deferred tax assets, net 9,020 40,884 — 49,904 Other assets 14,676 158,749 — 173,425 Total Assets $ 3,577,909 $ 2,728,512 $ (2,447,731 ) $ 3,858,690 Liabilities Accounts payable $ 14,915 $ 51,205 $ — $ 66,120 Intercompany payables — 576,846 (576,846 ) — Accrued expenses and other liabilities 92,479 229,564 — 322,043 Loans payable 250,000 — — 250,000 Senior notes, net 1,033,985 — — 1,033,985 Total Liabilities 1,391,379 857,615 (576,846 ) 1,672,148 Equity Total stockholders’ equity 2,186,530 1,870,885 (1,870,885 ) 2,186,530 Noncontrolling interests — 12 — 12 Total Equity 2,186,530 1,870,897 (1,870,885 ) 2,186,542 Total Liabilities and Equity $ 3,577,909 $ 2,728,512 $ (2,447,731 ) $ 3,858,690 Condensed Consolidating Balance Sheet (in thousands): December 31, 2018 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Assets Cash and cash equivalents $ 148,129 $ 129,567 $ — $ 277,696 Receivables 16,589 35,003 — 51,592 Intercompany receivables 758,501 — (758,501 ) — Real estate inventories 812,799 2,403,260 — 3,216,059 Investments in unconsolidated entities — 5,410 — 5,410 Goodwill and other intangible assets, net 156,604 3,823 — 160,427 Investments in subsidiaries 1,672,635 — (1,672,635 ) — Deferred tax assets, net 14,822 52,946 — 67,768 Other assets 12,984 92,267 — 105,251 Total Assets $ 3,593,063 $ 2,722,276 $ (2,431,136 ) $ 3,884,203 Liabilities Accounts payable $ 13,433 $ 67,880 $ — $ 81,313 Intercompany payables — 758,501 (758,501 ) — Accrued expenses and other liabilities 111,902 223,247 — 335,149 Senior notes, net 1,410,804 — — 1,410,804 Total Liabilities 1,536,139 1,049,628 (758,501 ) 1,827,266 Equity Total stockholders’ equity 2,056,924 1,672,635 (1,672,635 ) 2,056,924 Noncontrolling interests — 13 — 13 Total Equity 2,056,924 1,672,648 (1,672,635 ) 2,056,937 Total Liabilities and Equity $ 3,593,063 $ 2,722,276 $ (2,431,136 ) $ 3,884,203 Condensed Consolidating Statement of Operations (in thousands): Year Ended December 31, 2019 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Homebuilding: Home sales revenue $ 796,959 $ 2,272,416 $ — $ 3,069,375 Land and lot sales revenue — 7,176 — 7,176 Other operations revenue — 2,470 — 2,470 Total revenues 796,959 2,282,062 — 3,079,021 Cost of home sales 670,545 1,792,163 — 2,462,708 Cost of land and lot sales — 7,711 — 7,711 Other operations expense — 2,434 — 2,434 Sales and marketing 42,432 152,716 — 195,148 General and administrative 80,798 76,363 — 157,161 Homebuilding income from operations 3,184 250,675 — 253,859 Equity in loss of unconsolidated entities — (52 ) — (52 ) Other income, net 6,188 669 — 6,857 Homebuilding income before taxes 9,372 251,292 — 260,664 Financial Services: Revenues — 3,994 — 3,994 Expenses — 2,887 — 2,887 Equity in income of unconsolidated entities — 9,316 — 9,316 Financial services income before taxes — 10,423 — 10,423 Income before taxes 9,372 261,715 — 271,087 Provision for income taxes (2,323 ) (61,577 ) — (63,900 ) Equity of net income (loss) of subsidiaries 200,138 — (200,138 ) — Net income (loss) available to common stockholders $ 207,187 $ 200,138 $ (200,138 ) $ 207,187 Condensed Consolidating Statement of Operations (in thousands): Year Ended December 31, 2018 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Homebuilding: Home sales revenue $ 1,073,592 $ 2,170,495 $ — $ 3,244,087 Land and lot sales revenue — 8,758 — 8,758 Other operations revenue — 8,164 — 8,164 Total revenues 1,073,592 2,187,417 — 3,261,009 Cost of home sales 877,928 1,658,971 — 2,536,899 Cost of land and lot sales 17,500 7,935 — 25,435 Other operations expense — 3,174 — 3,174 Sales and marketing 48,593 138,674 — 187,267 General and administrative 78,669 76,361 — 155,030 Homebuilding income from operations 50,902 302,302 — 353,204 Equity in loss of unconsolidated entities — (393 ) — (393 ) Other (loss) income, net (623 ) 204 — (419 ) Homebuilding income before taxes 50,279 302,113 — 352,392 Financial Services: Revenues — 1,738 — 1,738 Expenses — 582 — 582 Equity in income of unconsolidated entities — 8,517 — 8,517 Financial services income before taxes — 9,673 — 9,673 Income before taxes 50,279 311,786 — 362,065 Provision for income taxes (13,084 ) (77,468 ) — (90,552 ) Equity of net income (loss) of subsidiaries 232,716 — (232,716 ) — Net income (loss) 269,911 234,318 (232,716 ) 271,513 Net income attributable to noncontrolling interests — (1,602 ) — (1,602 ) Net income (loss) available to common stockholders $ 269,911 $ 232,716 $ (232,716 ) $ 269,911 Condensed Consolidating Statement of Operations (in thousands): Year Ended December 31, 2017 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Homebuilding: Home sales revenue $ 927,247 $ 1,805,052 $ — $ 2,732,299 Land and lot sales revenue — 74,269 — 74,269 Other operations revenue — 2,333 — 2,333 Total revenues 927,247 1,881,654 — 2,808,901 Cost of home sales 780,732 1,392,519 — 2,173,251 Cost of land and lot sales — 14,888 — 14,888 Other operations expense — 2,298 — 2,298 Sales and marketing 34,286 102,780 — 137,066 General and administrative 67,006 70,758 — 137,764 Homebuilding income from operations 45,223 298,411 — 343,634 Equity in loss of unconsolidated entities — (11,433 ) — (11,433 ) Other income, net 38 113 — 151 Homebuilding income before taxes 45,261 287,091 — 332,352 Financial Services: Revenues — 1,371 — 1,371 Expenses — 331 — 331 Equity in income of unconsolidated entities — 6,426 — 6,426 Financial services income before taxes — 7,466 — 7,466 Income before taxes 45,261 294,557 — 339,818 Provision for income taxes (22,501 ) (129,766 ) — (152,267 ) Equity of net income (loss) of subsidiaries 164,431 — (164,431 ) — Net income (loss) 187,191 164,791 (164,431 ) 187,551 Net income attributable to noncontrolling interests — (360 ) — (360 ) Net income (loss) available to common stockholders $ 187,191 $ 164,431 $ (164,431 ) $ 187,191 Condensed Consolidating Statement of Cash Flows (in thousands): Year Ended December 31, 2019 Issuer Guarantor Consolidating Consolidated Cash flows from operating activities: Net cash provided by operating activities $ 88,832 $ 227,148 $ — $ 315,980 Cash flows from investing activities: Purchases of property and equipment (9,469 ) (20,813 ) — (30,282 ) Proceeds from sale of property and equipment — 46 — 46 Investments in unconsolidated entities — (7,022 ) — (7,022 ) Intercompany 186,115 — (186,115 ) — Net cash paid for acquisition — — — — Net cash provided by (used in) investing activities 176,646 (27,789 ) (186,115 ) (37,258 ) Cash flows from financing activities: Borrowings from debt 400,000 — — 400,000 Repayment of debt (531,895 ) — — (531,895 ) Debt issuance costs (3,125 ) — — (3,125 ) Proceeds from issuance of common stock under share-based 449 — — 449 Minimum tax withholding paid on behalf of employees for (3,612 ) — — (3,612 ) Share repurchases (89,224 ) — — (89,224 ) Intercompany — (186,115 ) 186,115 — Net cash (used in) provided by financing activities (227,407 ) (186,115 ) 186,115 (227,407 ) Net increase in cash and cash equivalents 38,071 13,244 — 51,315 Cash and cash equivalents - beginning of year 148,129 129,567 — 277,696 Cash and cash equivalents - end of year $ 186,200 $ 142,811 $ — $ 329,011 Condensed Consolidating Statement of Cash Flows (in thousands): Year Ended December 31, 2018 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Cash flows from operating activities: Net cash provided by operating activities $ 156,976 $ 153,686 $ — $ 310,662 Cash flows from investing activities: Purchases of property and equipment (8,038 ) (23,613 ) — (31,651 ) Proceeds from sale of property and equipment — 8 — 8 Investments in unconsolidated entities — (2,274 ) — (2,274 ) Intercompany 40,781 — (40,781 ) — Net cash paid for acquisition — (61,495 ) — (61,495 ) Net cash provided by (used in) investing activities 32,743 (87,374 ) (40,781 ) (95,412 ) Cash flows from financing activities: Borrowings from debt 125,000 — — 125,000 Repayment of debt (193,105 ) — — (193,105 ) Distributions to noncontrolling interests — (2,194 ) — (2,194 ) Proceeds from issuance of common stock under share-based awards 1,943 — — 1,943 Minimum tax withholding paid on behalf of employees for share-based awards (6,049 ) — — (6,049 ) Share repurchases (146,063 ) — — (146,063 ) Intercompany — (40,781 ) 40,781 — Net cash (used in) provided by financing activities (218,274 ) (42,975 ) 40,781 (220,468 ) Net decrease in cash and cash equivalents (28,555 ) 23,337 — (5,218 ) Cash and cash equivalents - beginning of year 176,684 106,230 — 282,914 Cash and cash equivalents - end of year $ 148,129 $ 129,567 $ — $ 277,696 Condensed Consolidating Statement of Cash Flows (in thousands): Year Ended December 31, 2017 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Cash flows from operating activities: Net cash provided by operating activities $ 73,208 $ 28,466 $ — $ 101,674 Cash flows from investing activities: Purchases of property and equipment (1,424 ) (1,181 ) — (2,605 ) Proceeds from sale of property and equipment — 6 — 6 Investments in unconsolidated entities — (980 ) — (980 ) Intercompany (14,163 ) — 14,163 — Net cash (used in) provided by investing activities (15,587 ) (2,155 ) 14,163 (3,579 ) Cash flows from financing activities: Borrowings from debt 500,000 — — 500,000 Repayment of debt (413,726 ) — — (413,726 ) Debt issuance costs (5,957 ) — — (5,957 ) Distributions to Weyerhaeuser — (1,333 ) — (1,333 ) Proceeds from issuance of common stock under share-based awards 12,291 — — 12,291 Minimum tax withholding paid on behalf of employees for share-based awards (2,896 ) — — (2,896 ) Share repurchases (112,217 ) — — (112,217 ) Intercompany — 14,163 (14,163 ) — Net cash (used in) provided by financing activities (22,505 ) 12,830 (14,163 ) (23,838 ) Net increase in cash and cash equivalents 35,116 39,141 — 74,257 Cash and cash equivalents - beginning of year 141,568 67,089 — 208,657 Cash and cash equivalents - end of year $ 176,684 $ 106,230 $ — $ 282,914

Results of Quarterly Operations

Results of Quarterly Operations (Unaudited)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Results of Quarterly Operations (Unaudited)	Results of Quarterly Operations (Unaudited) The following table presents our unaudited quarterly financial data (in thousands, except per share amounts). First Second Third Fourth 2019 Quarter Quarter Quarter Quarter Total revenues (1) $ 494,632 $ 698,714 $ 748,395 $ 1,141,274 Cost of homes sales and other (2) 423,621 580,873 578,731 889,628 Gross margin $ 71,011 $ 117,841 $ 169,664 $ 251,646 Net income $ 71 $ 26,262 $ 62,861 $ 117,993 Net income attributable to noncontrolling interests — — — — Net income available to common stockholders $ 71 $ 26,262 $ 62,861 $ 117,993 Earnings per share Basic $ — $ 0.18 $ 0.45 $ 0.85 Diluted $ — $ 0.18 $ 0.44 $ 0.85 __________ (1) Total revenues includes total homebuilding revenues and financial services revenue. (2) Cost of homes sales and other includes cost of homes sales, cost of land and lot sales, and other operations expense. First Second Third Fourth 2018 Quarter Quarter Quarter Quarter Total revenues (1) $ 583,676 $ 771,303 $ 775,071 $ 1,132,697 Cost of homes sales and other (2) 451,607 606,111 609,877 897,913 Gross margin $ 132,069 $ 165,192 $ 165,194 $ 234,784 Net income $ 42,880 $ 63,680 $ 63,969 $ 100,984 Net income attributable to noncontrolling interests — — — (1,602 ) Net income available to common stockholders $ 42,880 $ 63,680 $ 63,969 $ 99,382 Earnings per share Basic $ 0.28 $ 0.42 $ 0.43 $ 0.70 Diluted $ 0.28 $ 0.42 $ 0.43 $ 0.70 __________ (1) Total revenues includes total homebuilding revenues and financial services revenue. (2) Cost of homes sales and other includes cost of homes sales, cost of land and lot sales, and other operations expense. Quarterly and year-to-date computations of per share amounts are made independently. Therefore, the sum of per share amounts for the quarter may not agree with per share amounts for the year.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). The consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries as well as other entities in which the Company has a controlling interest and variable interest entities (“VIEs”) in which the Company is the primary beneficiary. The noncontrolling interests as of December 31, 2019 and 2018 represent the outside owners’ interests in the Company’s consolidated entities and the net equity of the VIE owners. All significant intercompany accounts have been eliminated upon consolidation.
Reclassifications	Reclassifications Certain amounts for prior years have been reclassified to conform to the current period presentation.
Use of Estimates	Use of Estimates Our financial statements have been prepared in accordance with GAAP. The preparation of these financial statements requires our management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from our estimates.
Subsequent Events	Subsequent Events We evaluated subsequent events up until our consolidated financial statements were filed with the Securities and Exchange Commission.
Cash and Cash Equivalents and Concentration of Credit Risk	Cash and Cash Equivalents and Concentration of Credit Risk We define cash and cash equivalents as cash on hand, demand deposits with financial institutions, and short-term liquid investments with a maturity date of less than three months from the date of acquisition. The Company’s cash balances exceed federally insurable limits. The Company monitors the cash balances in its operating accounts and adjusts the cash balances as appropriate; however, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts.
Revenue Recognition	Revenue Recognition In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Codified as “ASC 606”) . ASC 606 supersedes the revenue-recognition requirements in ASC Topic 605, Revenue Recognition , most industry-specific guidance throughout the industry topics of the accounting standards codification, and eliminates certain cost guidance related to construction-type and production-type contracts in accordance with ASC 970. In addition, ASC 606 includes Subtopic 340-40, Other Assets and Deferred Costs - Contracts with Customers, which provided updated guidance related to certain costs incurred in obtaining and fulfilling contracts with customers. Collectively, we refer to ASC 606 and Subtopic 340-40 as ASC 606 throughout this filing. The core principle of ASC 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Under ASC 606, we apply the following steps to determine the timing and amount of revenue to recognize: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. Following the adoption of ASC 606 on January 1, 2018, the timing of revenue recognition for all of our contracts remained materially consistent with our historical revenue recognition policy due to the nature of our revenue generating activities, with the most common difference under ASC 606 relating to the deferral of revenue due to these uncompleted performance obligations at the time we deliver new homes to our homebuyers. Disaggregation of Revenues We generate revenues from a mix of homebuilding operations and financial services operations. Due to the nature of our revenue generating activities, the disaggregated revenue reported on our consolidated statement of operations, in conjunction with the revenues reported in our segment disclosure, is deemed sufficient to report revenue from contracts with customers in accordance with the disaggregation disclosure requirements of ASC 606. We report total revenues in Note 2, Segment Information , which is fully comprised of our revenues from contracts with customers. While the total homebuilding revenues by segment include a mix of home sales revenue, land and lot sales revenue and other operations revenue, all material revenue amounts outside of home sales revenue are attributed to their respective homebuilding segments in the discussion below. Our consideration of disaggregated revenue consisted of a variety of facts and circumstances pertaining to our contracts with customers. These considerations included the nature, amounts, timing and other characteristics and economic factors present within each revenue line item appearing on our consolidated statement of operations. See below for further commentary regarding each of our revenue streams from contracts with customers. Home sales revenue We generate the majority of our total revenues from home sales, which consists of our core business operation of building and delivering completed homes to homebuyers. Home sales revenue and related profit is generally recognized when title to and possession of the home is transferred to the homebuyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Included in home sales revenue are forfeited deposits, which occur when homebuyers cancel home purchase contracts that include a nonrefundable deposit. Both revenue from forfeited deposits and deferred revenue resulting from uncompleted performance obligations existing at the time we deliver new homes to our homebuyers are immaterial. Land and lot sales revenue Historically, we have generated land and lot sales revenue from a small number of transactions, although in some years we have realized a significant amount of revenue and gross margin. We do not expect our future land and lot sales revenue to be material, but we still consider these sales to be an ordinary part of our business, thus meeting the definition of contracts with customers. Similar to our home sales, revenue from land and lot sales is typically fully recognized when the land and lot sales transactions are consummated, at which time no further performance obligations are left to be satisfied. Some of our historical land and lot sales have included future profit participation rights. We will recognize future land and lot sales revenue in the periods in which all closing conditions are met, subject to the constraint on variable consideration related to profit participation rights, if such rights exist in the sales contract. Other operations revenue The majority of our homebuilding other operations revenue relates to a ground lease at our Quadrant Homes reporting segment. We are responsible for making lease payments to the land owner, and we collect sublease payments from the buyers of the buildings. This ground lease is accounted for in accordance with ASC Topic 842, Leases . We do not recognize a material profit on this ground lease. Financial services revenues TRI Pointe Solutions is a reportable segment and is comprised of our TRI Pointe Connect mortgage financing operations, TRI Pointe Assurance title and escrow services operations, and TRI Pointe Advantage property and casualty insurance agency operations. Mortgage financing operations TRI Pointe Connect was formed as a joint venture with an established mortgage lender and is accounted for under the equity method of accounting. We record a percentage of income earned by TRI Pointe Connect based on our ownership percentage in this joint venture. TRI Pointe Connect activity appears as equity in income of unconsolidated entities under the Financial Services section of our consolidated statements of operations. Title and escrow services operations TRI Pointe Assurance provides title examinations for our homebuyers in Austin and Colorado and both title examinations and escrow services for our homebuyers in Arizona, Dallas–Fort Worth, Houston, Maryland, Nevada, and Virginia. TRI Pointe Assurance is a wholly owned subsidiary of TRI Pointe and acts as a title agency for First American Title Insurance Company. Revenue from our title and escrow services operations is fully recognized at the time of the consummation of the home sales transaction, at which time no further performance obligations are left to be satisfied. TRI Pointe Assurance revenue is included in the Financial Services section of our consolidated statements of operations. Property and casualty insurance agency operations TRI Pointe Advantage is a wholly owned subsidiary of TRI Pointe and provides property and casualty insurance agency services that help facilitate the closing process in all of the markets in which we operate. The total consideration for these services, including renewal options, is estimated upon the issuance of the initial insurance policy, subject to constraint. TRI Pointe Advantage revenue is included in the Financial Services section of our consolidated statements of operations.
Real Estate Inventories and Cost of Sales	Real Estate Inventories and Cost of Sales Real estate inventories consist of land, land under development, homes under construction, completed homes and model homes and are stated at cost, net of impairment losses. We capitalize direct carrying costs, including interest, property taxes and related development costs to inventories. Field construction supervision and related direct overhead are also included in the capitalized cost of inventories. Direct construction costs are specifically identified and allocated to homes while other common costs, such as land, land improvements and carrying costs, are allocated to homes within a community based upon their anticipated relative sales or fair value. In accordance with ASC Topic 835, Interest (“ASC 835”), homebuilding interest capitalized as a cost of inventories owned is included in costs of sales as related units or lots are sold. To the extent our debt exceeds our qualified assets as defined in ASC 835, we expense a portion of the interest incurred by us. Qualified assets represent projects that are actively under development. Homebuilding cost of sales is recognized at the same time revenue is recognized and is recorded based upon total estimated costs to be allocated to each home within a community. Any changes to the estimated costs are allocated to the remaining undelivered lots and homes within their respective community. The estimation and allocation of these costs require a substantial degree of judgment by management. The estimation process involved in determining relative sales or fair values is inherently uncertain because it involves estimating future sales values of homes before delivery. Additionally, in determining the allocation of costs to a particular land parcel or individual home, we rely on project budgets that are based on a variety of assumptions, including assumptions about construction schedules and future costs to be incurred. It is common that actual results differ from budgeted amounts for various reasons, including construction delays, increases in costs that have not been committed or unforeseen issues encountered during construction that fall outside the scope of existing contracts, or costs that come in less than originally anticipated. While the actual results for a particular construction project are accurately reported over time, a variance between the budget and actual costs could result in the understatement or overstatement of costs and have a related impact on gross margins between reporting periods. To reduce the potential for such variances, we have procedures that have been applied on a consistent basis, including assessing and revising project budgets on a periodic basis, obtaining commitments from subcontractors and vendors for future costs to be incurred and utilizing the most recent information available to estimate costs. If there are indications of impairment, we perform a detailed budget and cash flow review of our real estate assets to determine whether the estimated remaining undiscounted future cash flows of the community are more or less than the asset’s carrying value. If the undiscounted cash flows are more than the asset’s carrying value, no impairment adjustment is required. However, if the undiscounted cash flows are less than the asset’s carrying value, the asset is deemed impaired and is written down to fair value. These impairment evaluations require us to make estimates and assumptions regarding future conditions, including timing and amounts of development costs and sales prices of real estate assets, to determine if expected future undiscounted cash flows will be sufficient to recover the asset’s carrying value. When estimating undiscounted cash flows of a community, we make various assumptions, including: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other communities, and future sales price adjustments based on market and economic trends; (ii) expected sales pace and cancellation rates based on local housing market conditions, competition and historical trends; (iii) costs expended to date and expected to be incurred including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction and overhead costs, and selling costs; (iv) alternative product offerings that may be offered that could have an impact on sales pace, sales price and/or building costs; and (v) alternative uses for the property. Many assumptions are interdependent and a change in one may require a corresponding change to other assumptions. For example, increasing or decreasing monthly sales absorption rates has a direct impact on the estimated per unit sales price of a home and the level of time sensitive costs (such as indirect construction, overhead and carrying costs). Depending on the underlying objective of the community, assumptions could have a significant impact on the projected cash flow analysis. For example, if our objective is to preserve operating margins, our cash flow analysis will be different than if the objective is to increase sales. These objectives may vary significantly from community to community and over time.
Warranty Reserves	Warranty Reserves In the normal course of business, we incur warranty-related costs associated with homes that have been delivered to homebuyers. Estimated future direct warranty costs are accrued and charged to cost of sales in the period when the related home sales revenues are recognized while indirect warranty overhead salaries and related costs are charged to cost of sales in the period incurred. Factors that affect the warranty accruals include the number of homes delivered, historical and anticipated rates of warranty claims and cost per claim. Our primary assumption in estimating the amounts we accrue for warranty costs is that historical claims experience is a strong indicator of future claims experience. In addition, we maintain general liability insurance designed to protect us against a portion of our risk of loss from warranty and construction-related claims. We also generally require our subcontractors and design professionals to indemnify us for liabilities arising from their work, subject to various limitations. However, such indemnity is significantly limited with respect to certain subcontractors that are added to our general liability insurance policy. Our warranty reserve is based on actuarial analysis that uses our historical claim and expense data, as well as industry data to estimate these overall costs. Key assumptions used in developing these estimates include claim frequencies, severities and resolution patterns, which can occur over an extended period of time. These estimates are subject to variability due to the length of time between the delivery of a home to a homebuyer and when a warranty or construction defect claim is made, and the ultimate resolution of such claim; uncertainties regarding such claims relative to our markets and the types of product we build; and legal or regulatory actions and/or interpretations, among other factors. Due to the degree of judgment involved and the potential for variability in these underlying assumptions, our actual future costs could differ from those estimated. There can be no assurance that the terms and limitations of the limited warranty will be effective against claims made by homebuyers, that we will be able to renew our insurance coverage or renew it at reasonable rates, that we will not be liable for damages, cost of repairs, and/or the expense of litigation surrounding possible construction defects, soil subsidence or building related claims or that claims will not arise out of uninsurable events or circumstances not covered by insurance and not subject to effective indemnification agreements with certain subcontractors.
Investments in Unconsolidated Entities	Investments in Unconsolidated Entities
Variable Interest Entities	Variable Interest Entities The Company accounts for variable interest entities in accordance with ASC Topic 810, Consolidation (“ASC 810”). Under ASC 810, a variable interest entity (“VIE”) is created when: (a) the equity investment at risk in the entity is not sufficient to permit the entity to finance its activities without additional subordinated financial support provided by other parties, including the equity holders; (b) the entity’s equity holders as a group (i) lack the direct or indirect ability to make decisions about the entity, (ii) are not obligated to absorb expected losses of the entity or (iii) do not have the right to receive expected residual returns of the entity; or (c) the entity’s equity holders have voting rights that are not proportionate to their economic interests, and the activities of the entity involve, or are conducted on behalf of, the equity holder with disproportionately few voting rights. If an entity is deemed to be a VIE pursuant to ASC 810, the enterprise that has both (a) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (b) the obligation to absorb the expected losses of the entity or right to receive benefits from the entity that could be potentially significant to the VIE is considered the primary beneficiary and must consolidate the VIE. Under ASC 810, a deposit paid to an entity is deemed to be a variable interest that will absorb some or all of the entity’s expected losses if they occur. Our land purchase and lot option deposits generally represent our maximum exposure to the land seller if we elect not to purchase the optioned property. In some instances, we may also expend funds for due diligence, development and construction activities with respect to optioned land prior to takedown. Such costs are classified as inventories owned, which we would have to write off should we not exercise the option. Therefore, whenever we enter into a land option or purchase contract with an entity and make a deposit, a VIE may have been created. In accordance with ASC 810, we perform ongoing reassessments of whether we are the primary beneficiary of a VIE.
Stock-Based Compensation	Stock-Based Compensation We account for share-based awards in accordance with ASC Topic 718, Compensation-Stock Compensation (“ASC 718”). ASC 718 requires that the cost resulting from all share-based payment transactions be recognized in the financial statements. ASC 718 requires all entities to apply a fair-value-based measurement method in accounting for share-based payment transactions with employees. Share-based awards are expensed on a straight-line basis over the expected vesting period.
Sales and Marketing Expense	Sales and Marketing Expense
Income Taxes	Income Taxes We account for income taxes in accordance with ASC Topic 740, Income Taxes (“ASC 740”) . Deferred tax assets and liabilities are recorded based on future tax consequences of both temporary differences between the amounts reported for financial reporting purposes and the amounts deductible for income tax purposes, and are measured using enacted tax rates expected to apply in the years in which the temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings in the period when the changes are enacted. Each quarter we assess our deferred tax assets to determine whether all or any portion of the assets is more likely than not unrealizable under ASC 740. We are required to establish a valuation allowance for any portion of the asset we conclude is more likely than not to be unrealizable. Our assessment considers, among other things, the nature, frequency and severity of our current and cumulative losses, forecasts of our future taxable income, the duration of statutory carryforward periods and tax planning alternatives. Due to uncertainties inherent in the estimation process, it is possible that actual results may vary from estimates. The enactment of the Tax Cuts and Jobs Act in the fourth quarter of 2017, among other things, reduced the federal corporate tax rate to 21% from 35%, effective January 1, 2018. This resulted in a $22.0 million reduction in our deferred tax asset for the year ended December 31, 2017. For further details, see Note 15, Income Taxes . We classify any interest and penalties related to income taxes as part of income tax expense.
Business Combinations	Business Combinations We account for business combinations in accordance with ASC Topic 805, Business Combinations
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets In accordance with ASC Topic 350, Intangibles-Goodwill and Other (“ASC 350”), we evaluate goodwill and indefinite-lived intangible assets for impairment on an annual basis, or more frequently if events or changes in circumstances between annual tests indicate that it is more likely than not that the asset is impaired. We have identified one reporting unit with goodwill, TRI Pointe Homes, and performed our annual goodwill impairment evaluation as of October 1, 2019. For further details on goodwill, see Note 8, Goodwill and Other Intangible Assets. For our TRI Pointe Homes reporting unit, we performed a qualitative assessment to determine whether it is more likely than not that its fair value is less than its carrying amount. Upon completion of the October 2019 annual impairment assessment, we determined that no goodwill impairment was indicated. As of December 31, 2019 , we are not aware of any significant indicators of impairment that exist for our goodwill that would require additional analysis. An impairment of our indefinite-lived intangible asset is based on a comparison of its fair value to book value, without consideration of any recoverability due to the indefinite nature of the asset. As of December 31, 2019 , we believe that our indefinite-lived intangible asset continues to have an indefinite life and that its fair value exceeds its carrying value. For further details on our indefinite-lived intangible asset, see Note 8, Goodwill and Other Intangible Assets. In accordance with ASC Topic 360, Property, Plant and Equipment (“ASC 360”), we evaluate finite-lived intangible assets for impairment on an annual basis, or more frequently if events or changes in circumstances between annual tests indicate that it is more likely than not that the asset is impaired. An impairment in the carrying value of our finite-lived intangible asset is recognized whenever anticipated future undiscounted cash flows from the asset become unrecoverable and are estimated to be less than its carrying value. As of December 31, 2019 , we believe that the carrying value of our finite-lived intangible asset is recoverable and that its fair value is greater than its carrying value. For further details on our finite-lived intangible asset, see Note 8, Goodwill and Other Intangible Assets. Significant management judgment is required in the forecasts of future operating results that are used in our impairment evaluations. Our estimates are consistent with the plans and estimates that we use to manage our business. It is possible, however, that the plans may change and estimates used may prove to be inaccurate. If our actual results, or the plans and estimates used in future impairment analyses, are lower than the original estimates used to assess the recoverability of these assets, we could incur future impairment charges.
Recently Issued Accounting Standards Not Yet Adopted And Adoption of New Accounting Standards	Recently Issued Accounting Standards Not Yet Adopted In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment (“ASU 2017-04”), which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted, and applied prospectively. We do not expect the adoption of ASU 2017-04 to have a material impact on our consolidated financial statements. In June 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which replaces the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted. We have adopted ASU 2016-13 on January 1, 2020 and do not expect the adoption to have a material impact on our consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. ASU 2019-12 is effective for the Company beginning after December 15, 2020. We do not expect the adoption of ASU 2019-12 to have a material impact on our consolidated financial statements. Adoption of New Accounting Standards In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (codified as “ASC 842”), which requires an entity to recognize a lease right-of-use asset and lease liability on the balance sheet for the rights and obligations created by leases with durations of greater than 12 months. Right-of-use lease assets represent our right to use the underlying asset for the lease term and the lease obligation represents our commitment to make the lease payments arising from the lease. The guidance also requires more disclosures about leases in the notes to financial statements. We adopted ASC 842 on January 1, 2019, using a modified retrospective approach resulting in the recognition of a cumulative effect adjustment to the opening balance sheet of $57.4 million , which included a lease right-of-use asset offset by a lease liability on our consolidated balance sheet. No prior period adjustment was recorded. Additionally, we have elected the transition package of three practical expedients permitted under ASC 842, which among other things, allows us to retain the current operating classification for all of our existing leases prior to January 1, 2019. For further details on the adoption of ASC 842, see Note 13, Commitments and Contingencies.
Segment Reporting	In accordance with ASC Topic 280, Segment Reporting
Fair Value Measurements	Fair Value Measurements ASC Topic 820, Fair Value Measurements and Disclosures , defines “fair value” as the price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at measurement date and requires assets and liabilities carried at fair value to be classified and disclosed in the following three categories: • Level 1—Quoted prices for identical instruments in active markets • Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at measurement date • Level 3—Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at measurement date

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Summary of Financial Information Relating to Reportable Segments	Total revenues and income before income taxes for each of our reportable segments were as follows (in thousands): 2019 2018 2017 Revenues Maracay $ 272,723 $ 263,321 $ 296,768 Pardee Homes 1,101,580 999,710 826,033 Quadrant Homes 242,174 307,706 247,939 Trendmaker Homes 413,090 310,730 253,825 TRI Pointe Homes 796,958 1,073,592 927,247 Winchester Homes 252,496 305,950 257,089 Total homebuilding revenues 3,079,021 3,261,009 2,808,901 Financial services 3,994 1,738 1,371 Total $ 3,083,015 $ 3,262,747 $ 2,810,272 Income (loss) before taxes Maracay $ 21,040 $ 23,281 $ 23,987 Pardee Homes 198,463 191,793 198,738 Quadrant Homes 3,951 38,366 32,671 Trendmaker Homes 17,133 25,228 16,764 TRI Pointe Homes 49,721 115,632 89,811 Winchester Homes 11,243 23,981 15,472 Corporate (40,887 ) (65,889 ) (45,091 ) Total homebuilding income before income taxes 260,664 352,392 332,352 Financial services 10,423 9,673 7,466 Total $ 271,087 $ 362,065 $ 339,818 Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands): December 31, 2019 December 31, 2018 Real estate inventories Maracay $ 338,259 $ 293,217 Pardee Homes 1,218,384 1,286,877 Quadrant Homes 264,437 279,486 Trendmaker Homes 268,759 271,061 TRI Pointe Homes 737,662 812,799 Winchester Homes 237,935 272,619 Total $ 3,065,436 $ 3,216,059 Total assets Maracay $ 382,262 $ 318,703 Pardee Homes 1,300,047 1,391,503 Quadrant Homes 331,187 313,947 Trendmaker Homes 353,610 325,943 TRI Pointe Homes 930,348 987,610 Winchester Homes 291,456 298,602 Corporate 241,357 228,010 Total homebuilding assets 3,830,267 3,864,318 Financial services 28,423 19,885 Total $ 3,858,690 $ 3,884,203

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the components used in the computation of basic and diluted earnings per share (in thousands, except share and per share amounts): Year Ended December 31, 2019 2018 2017 Numerator: Income available to common stockholders $ 207,187 $ 269,911 $ 187,191 Denominator: Basic weighted-average shares outstanding 140,851,444 148,183,431 154,134,411 Effect of dilutive shares: Stock options and unvested restricted stock units 542,783 821,259 950,955 Diluted weighted-average shares outstanding 141,394,227 149,004,690 155,085,366 Earnings per share Basic $ 1.47 $ 1.82 $ 1.21 Diluted $ 1.47 $ 1.81 $ 1.21 Antidilutive stock options not included in diluted earnings per share 2,636,982 1,645,816 3,288,340

Receivables, net (Tables)

Receivables, net (Tables)	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Components of Receivables, Net	Receivables, net consisted of the following (in thousands): December 31, 2019 December 31, 2018 Escrow proceeds and other accounts receivable, net $ 29,282 $ 13,995 Warranty insurance receivable (Note 13) 39,994 37,597 Total receivables $ 69,276 $ 51,592

Real Estate Inventories (Tables

Real Estate Inventories (Tables)	12 Months Ended
	Dec. 31, 2019
Inventory Disclosure [Abstract]
Summary of Real Estate Inventories	Real estate inventories consisted of the following (in thousands): December 31, 2019 December 31, 2018 Real estate inventories owned: Homes completed or under construction $ 951,974 $ 959,911 Land under development 1,641,354 1,743,537 Land held for future development 122,847 201,874 Model homes 275,204 238,828 Total real estate inventories owned 2,991,379 3,144,150 Real estate inventories not owned: Land purchase and land option deposits 74,057 71,909 Total real estate inventories not owned 74,057 71,909 Total real estate inventories $ 3,065,436 $ 3,216,059
Summary of Interest Incurred, Capitalized and Expensed	Interest incurred, capitalized and expensed were as follows (in thousands): Year Ended December 31, 2019 2018 2017 Interest incurred $ 89,691 $ 91,631 $ 84,264 Interest capitalized (89,691 ) (91,631 ) (84,264 ) Interest expensed $ — $ — $ — Capitalized interest in beginning inventory $ 184,400 $ 176,348 $ 157,329 Interest capitalized as a cost of inventory 89,691 91,631 84,264 Interest previously capitalized as a cost of inventory, included in cost of sales (81,735 ) (83,579 ) (65,245 ) Capitalized interest in ending inventory $ 192,356 $ 184,400 $ 176,348
Schedule of Real Estate Inventory Impairments and Land Option Abandonments	Real estate inventory impairments and land option abandonments consisted of the following (in thousands): Year Ended December 31, 2019 2018 2017 Real estate inventory impairments $ 10,078 $ — $ 854 Land and lot option abandonments and pre-acquisition costs 14,797 5,085 1,199 Total $ 24,875 $ 5,085 $ 2,053

Investments in Unconsolidated_2

Investments in Unconsolidated Entities (Tables)	12 Months Ended
	Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Aggregated Assets, Liabilities and Operating Results of Entities as Equity-Method Investments	Assets and liabilities of unconsolidated entities (in thousands): December 31, 2019 2018 Assets Cash $ 8,537 $ 13,337 Receivables 7,393 4,674 Real estate inventories 116,760 99,864 Other assets 703 811 Total assets $ 133,393 $ 118,686 Liabilities and equity Accounts payable and other liabilities $ 11,009 $ 11,631 Company’s equity 11,745 5,410 Outside interests’ equity 110,639 101,645 Total liabilities and equity $ 133,393 $ 118,686 Results of operations from unconsolidated entities (in thousands): Year Ended December 31, 2019 2018 2017 Net sales $ 30,691 $ 28,745 $ 24,247 Other operating expense (16,981 ) (17,447 ) (13,904 ) Other income 175 97 120 Net income $ 13,885 $ 11,395 $ 10,463 Company’s equity in income (loss) of unconsolidated entities $ 9,264 $ 8,124 $ (5,007 )

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Interests in Land Option Agreements	The following provides a summary of our interests in land option agreements (in thousands): December 31, 2019 December 31, 2018 Deposits Remaining Purchase Price Consolidated Inventory Held by VIEs Deposits Remaining Purchase Price Consolidated Inventory Held by VIEs Consolidated VIEs $ — $ — $ — $ — $ — $ — Unconsolidated VIEs 42,896 440,974 N/A 41,198 433,720 N/A Other land option agreements 31,161 358,345 N/A 30,711 307,498 N/A Total $ 74,057 $ 799,319 $ — $ 71,909 $ 741,218 $ —

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Other Intangible Assets	Goodwill and other intangible assets consisted of the following (in thousands): December 31, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill $ 139,304 $ — $ 139,304 $ 139,304 $ — $ 139,304 Trade names 27,979 (7,390 ) 20,589 27,979 (6,856 ) 21,123 Total $ 167,283 $ (7,390 ) $ 159,893 $ 167,283 $ (6,856 ) $ 160,427
Schedule of Expected Amortization of Intangible Asset	Expected amortization of our intangible asset related to Maracay for the next five years and thereafter is (in thousands): 2020 $ 534 2021 534 2022 534 2023 534 2024 534 Thereafter 619 Total $ 3,289

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consisted of the following (in thousands): December 31, 2019 December 31, 2018 Prepaid expenses $ 24,070 $ 31,983 Refundable fees and other deposits 30,242 12,376 Development rights, held for future use or sale 2,213 845 Deferred loan costs 4,345 2,424 Operating properties and equipment, net 57,803 54,198 Lease right-of-use assets 50,947 — Other 3,805 3,425 Total $ 173,425 $ 105,251

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Payables and Accruals [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	Accrued expenses and other liabilities consisted of the following (in thousands): December 31, 2019 December 31, 2018 Accrued payroll and related costs $ 42,798 $ 44,010 Warranty reserves (Note 13) 76,607 71,836 Estimated cost for completion of real estate inventories 90,899 114,928 Customer deposits 20,390 17,464 Income tax liability to Weyerhaeuser 346 6,577 Accrued income taxes payable 1,530 8,335 Liability for uncertain tax positions 486 972 Accrued interest 11,952 12,572 Other tax liabilities 8,448 21,892 Lease liabilities 56,125 — Other 12,462 36,563 Total $ 322,043 $ 335,149

Senior Notes and Loans Payable

Senior Notes and Loans Payable (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Senior Notes	Senior notes consisted of the following (in thousands): December 31, December 31, 4.375% Senior Notes due June 15, 2019 $ — $ 381,895 4.875% Senior Notes due July 1, 2021 300,000 300,000 5.875% Senior Notes due June 15, 2024 450,000 450,000 5.250% Senior Notes due June 1, 2027 300,000 300,000 Discount and deferred loan costs (16,015 ) (21,091 ) Total $ 1,033,985 $ 1,410,804 The Company’s outstanding loans payable consisted of the following (in thousands): December 31, December 31, Term loan facility $ 250,000 $ — Unsecured revolving credit facility — — Total $ 250,000 $ —

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Related to Financial Instruments, Measured at Fair Value on a Recurring Basis	A summary of assets and liabilities at December 31, 2019 and 2018 , related to our financial instruments, measured at fair value on a recurring basis, is set forth below (in thousands): December 31, 2019 December 31, 2018 Hierarchy Book Value Fair Value Book Value Fair Value Senior Notes (1) Level 2 $ 1,045,072 $ 1,104,750 $ 1,425,397 $ 1,308,826 Term loan (2) Level 2 $ 250,000 $ 250,000 $ — $ — __________ (1) The book value of the Senior Notes is net of discounts, excluding deferred loan costs of $11.1 million and $14.6 million as of December 31, 2019 and 2018 , respectively. The estimated fair value of our Senior Notes at December 31, 2019 and 2018 is based on quoted market prices. (2) The estimated fair value of the Term Loan Facility as of December 31, 2019 approximated book value due to the variable interest rate terms of these loans.
Summary of Nonfinancial Assets Measured at Fair Value on a Nonrecurring Basis	The following table presents impairment charges and the remaining net fair value for nonfinancial assets that were measured during the periods presented (in thousands): Year Ended December 31, 2019 Year Ended December 31, 2018 Hierarchy Impairment Fair Value Impairment Fair Value Real estate inventories (1) Level 3 $ 10,078 $ 9,735 $ — $ — (1) Fair value of real estate inventories, net of impairment charges represents only those assets whose carrying values were adjusted to fair value in the respective periods presented.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Warranty Reserves	Warranty reserves consisted of the following (in thousands): Year Ended December 31, 2019 2018 2017 Warranty reserves, beginning of period $ 71,836 $ 69,373 $ 83,135 Warranty reserves accrued 27,537 25,340 13,336 Adjustments to pre-existing reserves (427 ) (4,286 ) (9,354 ) Warranty expenditures (22,339 ) (18,591 ) (17,744 ) Warranty reserves, end of period $ 76,607 $ 71,836 $ 69,373
Lease Costs and Other Information	See below for additional information on leases (dollars in thousands): Year Ended December 31, 2019 Lease Cost Operating lease cost (included in SG&A expense) $ 9,228 Ground lease cost (included in other operations expense) 2,434 Sublease income, ground leases (included in other operations revenue) (2,470 ) Net lease cost $ 9,192 Other information Cash paid for amounts included in the measurement of lease liabilities: Operating lease cash flows (included in operating cash flows) $ 6,513 Ground lease cash flows (included in operating cash flows) $ 2,434 Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,473 December 31, 2019 Weighted-average discount rate: Operating leases 5.9 % Ground leases 10.2 % Weighted-average remaining lease term (in years): Operating leases 6.1 Ground leases 48.1
Schedule of Future Minimum Lease Payments	The future minimum lease payments under our operating leases are as follows (in thousands): Property, Equipment and Other Leases Ground Leases (1) 2020 $ 8,592 $ 2,984 2021 7,192 2,984 2022 5,598 2,984 2023 4,492 2,984 2024 2,768 2,984 Thereafter 6,403 81,282 Total operating lease payments $ 35,045 $ 96,202 Less: Interest 5,804 69,318 Present value of operating lease liabilities $ 29,241 $ 26,884 (1) Ground leases are fully subleased through 2041, representing $65.2 million of the $96.2 million future ground lease obligations.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Summary of Compensation Expense Recognized Related to all Stock-Based Awards	The following table presents compensation expense recognized related to all stock-based awards (in thousands): Year Ended December 31, 2019 2018 2017 Total stock-based compensation $ 14,806 $ 14,814 $ 15,906
Summary of Stock Option Awards	The following table presents a summary of stock option awards for the year ended December 31, 2019 : Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (in thousands) Options outstanding at December 31, 2018 953,905 $ 14.58 4.2 $ 296 Granted — — — Exercised (58,937 ) $ 7.84 Forfeited (3,625 ) $ 14.29 Options outstanding at December 31, 2019 891,343 $ 15.03 3.4 $ 994 Options exercisable at December 31, 2019 891,343 $ 15.03 3.4 $ 994
Summary of Restricted Stock Units	The following table presents a summary of restricted stock units (“RSUs”) for the year ended December 31, 2019 : Restricted Stock Units Weighted Average Grant Date Fair Value Per Share Aggregate Intrinsic Value (in thousands) Nonvested RSUs at December 31, 2018 3,341,848 $ 11.05 $ 36,526 Granted 1,656,333 $ 12.15 Vested (844,734 ) $ 12.95 Forfeited (769,096 ) $ 5.45 Nonvested RSUs at December 31, 2019 3,384,351 $ 12.39 $ 52,694

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Provision (Benefit) for Income Tax Attributable to Income (Loss) from Continuing Operations before Income Taxes	The provision for income tax attributable to income before income taxes consisted of (in thousands): Year Ended December 31, 2019 2018 2017 Current: Federal $ 38,782 $ 70,098 $ 95,814 State 7,253 10,941 8,961 Total current taxes 46,035 81,039 104,775 Deferred: Federal 9,698 (350 ) 37,151 State 8,167 9,863 10,341 Total deferred taxes 17,865 9,513 47,492 Total income tax expense $ 63,900 $ 90,552 $ 152,267
Effective Tax Rate Differs from Federal Statutory Rate	The Company’s provision for income taxes was different from the amount computed by applying the statutory federal income tax rate of 21% to the underlying income before income taxes as a result of the following (in thousands): Year Ended December 31, 2019 2018 2017 Taxes at the U.S. federal statutory rate $ 56,935 $ 76,009 $ 118,936 State income taxes, net of federal tax impact 10,221 13,603 10,712 Domestic production activities deduction — — (7,108 ) Non-deductible transaction costs 145 234 541 Change in valuation allowance (3 ) — 3,256 Tax Cuts and Jobs Act — (740 ) 21,961 Federal energy credits (6,873 ) — — Other, net 3,475 1,446 3,969 Total income tax expense $ 63,900 $ 90,552 $ 152,267 Effective income tax rate 23.6 % 25.0 % 44.8 %
Components of Deferred Income Tax Assets	Deferred taxes consisted of the following at December 31, 2019 and 2018 (in thousands): Year Ended December 31, 2019 2018 Deferred tax assets: Impairment and other valuation reserves $ 31,781 $ 37,573 Incentive compensation 5,818 5,946 Indirect costs capitalized 21,160 20,348 Operating lease liability 14,210 — Net operating loss carryforwards (state) 13,254 18,702 State taxes 1,315 2,275 Other costs and expenses 10,909 10,848 Gross deferred tax assets 98,447 95,692 Valuation allowance (3,450 ) (3,449 ) Deferred tax assets, net of valuation allowance 94,997 92,243 Deferred tax liabilities: Interest capitalized (7,944 ) (7,355 ) Basis difference in inventory (6,982 ) (8,170 ) Fixed assets (10,766 ) (2,473 ) Intangibles (5,062 ) (5,187 ) Operating lease asset (13,131 ) — Deferred financing costs (757 ) (802 ) Other (451 ) (488 ) Deferred tax liabilities (45,093 ) (24,475 ) Net deferred tax assets $ 49,904 $ 67,768
Schedule of Gross Unrecognized Tax Benefits	The following table summarizes the activity related to the Company’s gross unrecognized tax benefits (in thousands): Year Ended December 31, 2019 2018 Balance at beginning of year $ 1,014 $ 1,521 Increase (decrease) related to prior year tax positions (507 ) (507 ) Balance at end of year $ 507 $ 1,014

Supplemental Disclosure to Co_2

Supplemental Disclosure to Consolidated Statement of Cash Flow (Tables)	12 Months Ended
	Dec. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosure to Consolidated Statement of Cash Flows	The following are supplemental disclosures to the consolidated statements of cash flows (in thousands): Year Ended December 31, 2019 2018 2017 Supplemental disclosure of cash flow information: Cash paid during the period for: Interest paid (capitalized), net $ (5,660 ) $ 19,548 $ (18,274 ) Income taxes $ 154,730 $ 102,149 $ 74,388 Supplemental disclosures of noncash activities: Accrued liabilities related to the purchase of operating properties and equipment $ — $ 685 $ — Amortization of senior note discount capitalized to real estate inventory $ 1,570 $ 2,112 $ 2,048 Amortization of deferred loan costs capitalized to real estate inventory $ 4,148 $ 5,927 $ 5,578 Increase in other assets related to adoption of ASC 606 $ — $ 39,534 $ — Effect of net consolidation and de-consolidation of variable interest entities: Decrease in consolidated real estate inventory not owned $ — $ — $ (17,485 ) Increase in noncontrolling interests $ — $ — $ 17,485

Supplemental Guarantor Inform_2

Supplemental Guarantor Information (Tables)	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet (in thousands): December 31, 2019 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Assets Cash and cash equivalents $ 186,200 $ 142,811 $ — $ 329,011 Receivables 26,016 43,260 — 69,276 Intercompany receivables 576,846 — (576,846 ) — Real estate inventories 737,662 2,327,774 — 3,065,436 Investments in unconsolidated entities — 11,745 — 11,745 Goodwill and other intangible assets, net 156,604 3,289 — 159,893 Investments in subsidiaries 1,870,885 — (1,870,885 ) — Deferred tax assets, net 9,020 40,884 — 49,904 Other assets 14,676 158,749 — 173,425 Total Assets $ 3,577,909 $ 2,728,512 $ (2,447,731 ) $ 3,858,690 Liabilities Accounts payable $ 14,915 $ 51,205 $ — $ 66,120 Intercompany payables — 576,846 (576,846 ) — Accrued expenses and other liabilities 92,479 229,564 — 322,043 Loans payable 250,000 — — 250,000 Senior notes, net 1,033,985 — — 1,033,985 Total Liabilities 1,391,379 857,615 (576,846 ) 1,672,148 Equity Total stockholders’ equity 2,186,530 1,870,885 (1,870,885 ) 2,186,530 Noncontrolling interests — 12 — 12 Total Equity 2,186,530 1,870,897 (1,870,885 ) 2,186,542 Total Liabilities and Equity $ 3,577,909 $ 2,728,512 $ (2,447,731 ) $ 3,858,690 Condensed Consolidating Balance Sheet (in thousands): December 31, 2018 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Assets Cash and cash equivalents $ 148,129 $ 129,567 $ — $ 277,696 Receivables 16,589 35,003 — 51,592 Intercompany receivables 758,501 — (758,501 ) — Real estate inventories 812,799 2,403,260 — 3,216,059 Investments in unconsolidated entities — 5,410 — 5,410 Goodwill and other intangible assets, net 156,604 3,823 — 160,427 Investments in subsidiaries 1,672,635 — (1,672,635 ) — Deferred tax assets, net 14,822 52,946 — 67,768 Other assets 12,984 92,267 — 105,251 Total Assets $ 3,593,063 $ 2,722,276 $ (2,431,136 ) $ 3,884,203 Liabilities Accounts payable $ 13,433 $ 67,880 $ — $ 81,313 Intercompany payables — 758,501 (758,501 ) — Accrued expenses and other liabilities 111,902 223,247 — 335,149 Senior notes, net 1,410,804 — — 1,410,804 Total Liabilities 1,536,139 1,049,628 (758,501 ) 1,827,266 Equity Total stockholders’ equity 2,056,924 1,672,635 (1,672,635 ) 2,056,924 Noncontrolling interests — 13 — 13 Total Equity 2,056,924 1,672,648 (1,672,635 ) 2,056,937 Total Liabilities and Equity $ 3,593,063 $ 2,722,276 $ (2,431,136 ) $ 3,884,203
Condensed Consolidating Statement of Operations	Condensed Consolidating Statement of Operations (in thousands): Year Ended December 31, 2019 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Homebuilding: Home sales revenue $ 796,959 $ 2,272,416 $ — $ 3,069,375 Land and lot sales revenue — 7,176 — 7,176 Other operations revenue — 2,470 — 2,470 Total revenues 796,959 2,282,062 — 3,079,021 Cost of home sales 670,545 1,792,163 — 2,462,708 Cost of land and lot sales — 7,711 — 7,711 Other operations expense — 2,434 — 2,434 Sales and marketing 42,432 152,716 — 195,148 General and administrative 80,798 76,363 — 157,161 Homebuilding income from operations 3,184 250,675 — 253,859 Equity in loss of unconsolidated entities — (52 ) — (52 ) Other income, net 6,188 669 — 6,857 Homebuilding income before taxes 9,372 251,292 — 260,664 Financial Services: Revenues — 3,994 — 3,994 Expenses — 2,887 — 2,887 Equity in income of unconsolidated entities — 9,316 — 9,316 Financial services income before taxes — 10,423 — 10,423 Income before taxes 9,372 261,715 — 271,087 Provision for income taxes (2,323 ) (61,577 ) — (63,900 ) Equity of net income (loss) of subsidiaries 200,138 — (200,138 ) — Net income (loss) available to common stockholders $ 207,187 $ 200,138 $ (200,138 ) $ 207,187 Condensed Consolidating Statement of Operations (in thousands): Year Ended December 31, 2018 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Homebuilding: Home sales revenue $ 1,073,592 $ 2,170,495 $ — $ 3,244,087 Land and lot sales revenue — 8,758 — 8,758 Other operations revenue — 8,164 — 8,164 Total revenues 1,073,592 2,187,417 — 3,261,009 Cost of home sales 877,928 1,658,971 — 2,536,899 Cost of land and lot sales 17,500 7,935 — 25,435 Other operations expense — 3,174 — 3,174 Sales and marketing 48,593 138,674 — 187,267 General and administrative 78,669 76,361 — 155,030 Homebuilding income from operations 50,902 302,302 — 353,204 Equity in loss of unconsolidated entities — (393 ) — (393 ) Other (loss) income, net (623 ) 204 — (419 ) Homebuilding income before taxes 50,279 302,113 — 352,392 Financial Services: Revenues — 1,738 — 1,738 Expenses — 582 — 582 Equity in income of unconsolidated entities — 8,517 — 8,517 Financial services income before taxes — 9,673 — 9,673 Income before taxes 50,279 311,786 — 362,065 Provision for income taxes (13,084 ) (77,468 ) — (90,552 ) Equity of net income (loss) of subsidiaries 232,716 — (232,716 ) — Net income (loss) 269,911 234,318 (232,716 ) 271,513 Net income attributable to noncontrolling interests — (1,602 ) — (1,602 ) Net income (loss) available to common stockholders $ 269,911 $ 232,716 $ (232,716 ) $ 269,911 Condensed Consolidating Statement of Operations (in thousands): Year Ended December 31, 2017 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Homebuilding: Home sales revenue $ 927,247 $ 1,805,052 $ — $ 2,732,299 Land and lot sales revenue — 74,269 — 74,269 Other operations revenue — 2,333 — 2,333 Total revenues 927,247 1,881,654 — 2,808,901 Cost of home sales 780,732 1,392,519 — 2,173,251 Cost of land and lot sales — 14,888 — 14,888 Other operations expense — 2,298 — 2,298 Sales and marketing 34,286 102,780 — 137,066 General and administrative 67,006 70,758 — 137,764 Homebuilding income from operations 45,223 298,411 — 343,634 Equity in loss of unconsolidated entities — (11,433 ) — (11,433 ) Other income, net 38 113 — 151 Homebuilding income before taxes 45,261 287,091 — 332,352 Financial Services: Revenues — 1,371 — 1,371 Expenses — 331 — 331 Equity in income of unconsolidated entities — 6,426 — 6,426 Financial services income before taxes — 7,466 — 7,466 Income before taxes 45,261 294,557 — 339,818 Provision for income taxes (22,501 ) (129,766 ) — (152,267 ) Equity of net income (loss) of subsidiaries 164,431 — (164,431 ) — Net income (loss) 187,191 164,791 (164,431 ) 187,551 Net income attributable to noncontrolling interests — (360 ) — (360 ) Net income (loss) available to common stockholders $ 187,191 $ 164,431 $ (164,431 ) $ 187,191
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows (in thousands): Year Ended December 31, 2019 Issuer Guarantor Consolidating Consolidated Cash flows from operating activities: Net cash provided by operating activities $ 88,832 $ 227,148 $ — $ 315,980 Cash flows from investing activities: Purchases of property and equipment (9,469 ) (20,813 ) — (30,282 ) Proceeds from sale of property and equipment — 46 — 46 Investments in unconsolidated entities — (7,022 ) — (7,022 ) Intercompany 186,115 — (186,115 ) — Net cash paid for acquisition — — — — Net cash provided by (used in) investing activities 176,646 (27,789 ) (186,115 ) (37,258 ) Cash flows from financing activities: Borrowings from debt 400,000 — — 400,000 Repayment of debt (531,895 ) — — (531,895 ) Debt issuance costs (3,125 ) — — (3,125 ) Proceeds from issuance of common stock under share-based 449 — — 449 Minimum tax withholding paid on behalf of employees for (3,612 ) — — (3,612 ) Share repurchases (89,224 ) — — (89,224 ) Intercompany — (186,115 ) 186,115 — Net cash (used in) provided by financing activities (227,407 ) (186,115 ) 186,115 (227,407 ) Net increase in cash and cash equivalents 38,071 13,244 — 51,315 Cash and cash equivalents - beginning of year 148,129 129,567 — 277,696 Cash and cash equivalents - end of year $ 186,200 $ 142,811 $ — $ 329,011 Condensed Consolidating Statement of Cash Flows (in thousands): Year Ended December 31, 2018 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Cash flows from operating activities: Net cash provided by operating activities $ 156,976 $ 153,686 $ — $ 310,662 Cash flows from investing activities: Purchases of property and equipment (8,038 ) (23,613 ) — (31,651 ) Proceeds from sale of property and equipment — 8 — 8 Investments in unconsolidated entities — (2,274 ) — (2,274 ) Intercompany 40,781 — (40,781 ) — Net cash paid for acquisition — (61,495 ) — (61,495 ) Net cash provided by (used in) investing activities 32,743 (87,374 ) (40,781 ) (95,412 ) Cash flows from financing activities: Borrowings from debt 125,000 — — 125,000 Repayment of debt (193,105 ) — — (193,105 ) Distributions to noncontrolling interests — (2,194 ) — (2,194 ) Proceeds from issuance of common stock under share-based awards 1,943 — — 1,943 Minimum tax withholding paid on behalf of employees for share-based awards (6,049 ) — — (6,049 ) Share repurchases (146,063 ) — — (146,063 ) Intercompany — (40,781 ) 40,781 — Net cash (used in) provided by financing activities (218,274 ) (42,975 ) 40,781 (220,468 ) Net decrease in cash and cash equivalents (28,555 ) 23,337 — (5,218 ) Cash and cash equivalents - beginning of year 176,684 106,230 — 282,914 Cash and cash equivalents - end of year $ 148,129 $ 129,567 $ — $ 277,696 Condensed Consolidating Statement of Cash Flows (in thousands): Year Ended December 31, 2017 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Cash flows from operating activities: Net cash provided by operating activities $ 73,208 $ 28,466 $ — $ 101,674 Cash flows from investing activities: Purchases of property and equipment (1,424 ) (1,181 ) — (2,605 ) Proceeds from sale of property and equipment — 6 — 6 Investments in unconsolidated entities — (980 ) — (980 ) Intercompany (14,163 ) — 14,163 — Net cash (used in) provided by investing activities (15,587 ) (2,155 ) 14,163 (3,579 ) Cash flows from financing activities: Borrowings from debt 500,000 — — 500,000 Repayment of debt (413,726 ) — — (413,726 ) Debt issuance costs (5,957 ) — — (5,957 ) Distributions to Weyerhaeuser — (1,333 ) — (1,333 ) Proceeds from issuance of common stock under share-based awards 12,291 — — 12,291 Minimum tax withholding paid on behalf of employees for share-based awards (2,896 ) — — (2,896 ) Share repurchases (112,217 ) — — (112,217 ) Intercompany — 14,163 (14,163 ) — Net cash (used in) provided by financing activities (22,505 ) 12,830 (14,163 ) (23,838 ) Net increase in cash and cash equivalents 35,116 39,141 — 74,257 Cash and cash equivalents - beginning of year 141,568 67,089 — 208,657 Cash and cash equivalents - end of year $ 176,684 $ 106,230 $ — $ 282,914

Results of Quarterly Operatio_2

Results of Quarterly Operations (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Results of Operations	The following table presents our unaudited quarterly financial data (in thousands, except per share amounts). First Second Third Fourth 2019 Quarter Quarter Quarter Quarter Total revenues (1) $ 494,632 $ 698,714 $ 748,395 $ 1,141,274 Cost of homes sales and other (2) 423,621 580,873 578,731 889,628 Gross margin $ 71,011 $ 117,841 $ 169,664 $ 251,646 Net income $ 71 $ 26,262 $ 62,861 $ 117,993 Net income attributable to noncontrolling interests — — — — Net income available to common stockholders $ 71 $ 26,262 $ 62,861 $ 117,993 Earnings per share Basic $ — $ 0.18 $ 0.45 $ 0.85 Diluted $ — $ 0.18 $ 0.44 $ 0.85 __________ (1) Total revenues includes total homebuilding revenues and financial services revenue. (2) Cost of homes sales and other includes cost of homes sales, cost of land and lot sales, and other operations expense. First Second Third Fourth 2018 Quarter Quarter Quarter Quarter Total revenues (1) $ 583,676 $ 771,303 $ 775,071 $ 1,132,697 Cost of homes sales and other (2) 451,607 606,111 609,877 897,913 Gross margin $ 132,069 $ 165,192 $ 165,194 $ 234,784 Net income $ 42,880 $ 63,680 $ 63,969 $ 100,984 Net income attributable to noncontrolling interests — — — (1,602 ) Net income available to common stockholders $ 42,880 $ 63,680 $ 63,969 $ 99,382 Earnings per share Basic $ 0.28 $ 0.42 $ 0.43 $ 0.70 Diluted $ 0.28 $ 0.42 $ 0.43 $ 0.70 __________ (1) Total revenues includes total homebuilding revenues and financial services revenue. (2) Cost of homes sales and other includes cost of homes sales, cost of land and lot sales, and other operations expense.

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies - Additional Information (Detail)	1 Months Ended	3 Months Ended	12 Months Ended
	Oct. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)statebrand	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jan. 01, 2019USD ($)	Jan. 01, 2018USD ($)
Debt Instrument [Line Items]
Number of quality brands in portfolio | brand			6
Number of states in which entity operates | state			10
Impairment charges			$ 10,078,000	$ 0	$ 854,000
Impairment of investments in unconsolidated entities			$ 0	0	13,200,000
Reduction in deferred tax asset				$ (740,000)	$ 22,000,000
Goodwill impairment loss	$ 0
Cumulative effect adjustment to the opening balance sheet							$ (7,354,000)
ASC 842
Debt Instrument [Line Items]
Cumulative effect adjustment to the opening balance sheet						$ 57,400,000
Dallas-based homebuilder
Debt Instrument [Line Items]
Cash payment to acquire homebuilder		$ 61,500,000

Segment Information - Additiona

Segment Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019companybusinesssegment
Segment Reporting Information [Line Items]
Number of principal businesses | business	2
All HomeBuilding Segments
Segment Reporting Information [Line Items]
Number of operating divisions | company	6
Number of reportable segments | segment	6

Segment Information - Summary o

Segment Information - Summary of Financial Information Relating to Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Total revenues	$ 1,141,274	$ 748,395	$ 698,714	$ 494,632	$ 1,132,697	$ 775,071	$ 771,303	$ 583,676	$ 3,083,015	$ 3,262,747	$ 2,810,272
Income (loss) before taxes									271,087	362,065	339,818
Real estate inventories	3,065,436				3,216,059				3,065,436	3,216,059
Total assets	3,858,690				3,884,203				3,858,690	3,884,203
All HomeBuilding Segments
Segment Reporting Information [Line Items]
Real estate inventories	3,065,436				3,216,059				3,065,436	3,216,059
Total assets	3,830,267				3,864,318				3,830,267	3,864,318
Operating segments | Maracay
Segment Reporting Information [Line Items]
Income (loss) before taxes									21,040	23,281	23,987
Real estate inventories	338,259				293,217				338,259	293,217
Total assets	382,262				318,703				382,262	318,703
Operating segments | Pardee Homes
Segment Reporting Information [Line Items]
Income (loss) before taxes									198,463	191,793	198,738
Real estate inventories	1,218,384				1,286,877				1,218,384	1,286,877
Total assets	1,300,047				1,391,503				1,300,047	1,391,503
Operating segments | Quadrant Homes
Segment Reporting Information [Line Items]
Income (loss) before taxes									3,951	38,366	32,671
Real estate inventories	264,437				279,486				264,437	279,486
Total assets	331,187				313,947				331,187	313,947
Operating segments | Trendmaker Homes
Segment Reporting Information [Line Items]
Income (loss) before taxes									17,133	25,228	16,764
Real estate inventories	268,759				271,061				268,759	271,061
Total assets	353,610				325,943				353,610	325,943
Operating segments | TRI Pointe Homes
Segment Reporting Information [Line Items]
Income (loss) before taxes									49,721	115,632	89,811
Real estate inventories	737,662				812,799				737,662	812,799
Total assets	930,348				987,610				930,348	987,610
Operating segments | Winchester Homes
Segment Reporting Information [Line Items]
Income (loss) before taxes									11,243	23,981	15,472
Real estate inventories	237,935				272,619				237,935	272,619
Total assets	291,456				298,602				291,456	298,602
Operating segments | Financial services
Segment Reporting Information [Line Items]
Total assets	28,423				19,885				28,423	19,885
Corporate
Segment Reporting Information [Line Items]
Income (loss) before taxes									(40,887)	(65,889)	(45,091)
Total assets	$ 241,357				$ 228,010				241,357	228,010
Homebuilding
Segment Reporting Information [Line Items]
Total revenues									3,079,021	3,261,009	2,808,901
Homebuilding | All HomeBuilding Segments
Segment Reporting Information [Line Items]
Total revenues									3,079,021	3,261,009	2,808,901
Income (loss) before taxes									260,664	352,392	332,352
Homebuilding | Operating segments | Maracay
Segment Reporting Information [Line Items]
Total revenues									272,723	263,321	296,768
Homebuilding | Operating segments | Pardee Homes
Segment Reporting Information [Line Items]
Total revenues									1,101,580	999,710	826,033
Homebuilding | Operating segments | Quadrant Homes
Segment Reporting Information [Line Items]
Total revenues									242,174	307,706	247,939
Homebuilding | Operating segments | Trendmaker Homes
Segment Reporting Information [Line Items]
Total revenues									413,090	310,730	253,825
Homebuilding | Operating segments | TRI Pointe Homes
Segment Reporting Information [Line Items]
Total revenues									796,958	1,073,592	927,247
Homebuilding | Operating segments | Winchester Homes
Segment Reporting Information [Line Items]
Total revenues									252,496	305,950	257,089
Financial services
Segment Reporting Information [Line Items]
Total revenues									3,994	1,738	1,371
Financial services | Operating segments | Financial services
Segment Reporting Information [Line Items]
Income (loss) before taxes									$ 10,423	$ 9,673	$ 7,466

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Numerator:
Income available to common stockholders									$ 207,187	$ 269,911	$ 187,191
Denominator:
Basic weighted-average shares outstanding (shares)									140,851,444	148,183,431	154,134,411
Effect of dilutive shares:
Stock options and unvested restricted stock units (shares)									542,783	821,259	950,955
Diluted weighted-average shares outstanding (shares)									141,394,227	149,004,690	155,085,366
Basic
Basic (in dollars per share)	$ 0.85	$ 0.45	$ 0.18	$ 0	$ 0.70	$ 0.43	$ 0.42	$ 0.28	$ 1.47	$ 1.82	$ 1.21
Diluted
Diluted (in dollars per share)	$ 0.85	$ 0.44	$ 0.18	$ 0	$ 0.70	$ 0.43	$ 0.42	$ 0.28	$ 1.47	$ 1.81	$ 1.21
Antidilutive stock options not included in diluted earnings per share (in shares)									2,636,982	1,645,816	3,288,340

Receivables, Net - Components o

Receivables, Net - Components of Receivables, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Escrow proceeds and other accounts receivable, net	$ 29,282	$ 13,995
Warranty insurance receivable	39,994	37,597
Total receivables	$ 69,276	$ 51,592

Receivables, Net - Additional I

Receivables, Net - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Allowances for doubtful accounts	$ 426	$ 667

Real Estate Inventories - Summa

Real Estate Inventories - Summary of Real Estate Inventories (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real estate inventories owned:
Homes completed or under construction	$ 951,974	$ 959,911
Land under development	1,641,354	1,743,537
Land held for future development	122,847	201,874
Model homes	275,204	238,828
Total real estate inventories owned	2,991,379	3,144,150
Real estate inventories not owned:
Land purchase and land option deposits	74,057	71,909
Total real estate inventories not owned	74,057	71,909
Real estate inventories	$ 3,065,436	$ 3,216,059

Real Estate Inventories - Narra

Real Estate Inventories - Narrative (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)community	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Number of communities where development activity had commenced | community		2
Real estate inventory impairments		$ 10,078,000	$ 0	$ 854,000
Real estate inventories owned	$ 3,144,150,000	$ 2,991,379,000	3,144,150,000
Number of impaired real estate properties | community		4
Dallas-based homebuilder
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Cash payment to acquire homebuilder	61,500,000
Real estate inventories owned	63,200,000		63,200,000
Other assets	5,500,000		5,500,000
Accounts payable and other accrued liabilities	$ 7,200,000		$ 7,200,000
California
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Real estate inventory impairments		$ 7,000,000
Future Development Community For TRI Pointe Homes in Sacramento, California
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Real estate inventory impairments		$ 7,000,000
Number of impaired real estate properties | community		1
Future Development Community For TRI Pointe Homes in Sacramento, California | Markets risk and Community-specific risk | Discount rate
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Discount rate (percent)		16.00%
Trendmaker Homes Community in Houston, Texas
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Real estate inventory impairments		$ 3,100,000
Number of impaired real estate properties | community		3
Trendmaker Homes Community in Houston, Texas | Minimum | Markets risk and Community-specific risk | Discount rate
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Discount rate (percent)		10.00%
Trendmaker Homes Community in Houston, Texas | Maximum | Markets risk and Community-specific risk | Discount rate
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Discount rate (percent)		12.00%

Real Estate Inventories - Sum_2

Real Estate Inventories - Summary of Interest Incurred, Capitalized and Expensed (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Real Estate [Abstract]
Interest incurred	$ 89,691	$ 91,631	$ 84,264
Interest capitalized	(89,691)	(91,631)	(84,264)
Interest expensed		0	0
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Capitalized interest in beginning inventory	184,400	176,348	157,329
Interest capitalized as a cost of inventory	89,691	91,631	84,264
Interest previously capitalized as a cost of inventory, included in cost of sales	(81,735)	(83,579)	(65,245)
Capitalized interest in ending inventory	$ 192,356	$ 184,400	$ 176,348

Real Estate Inventories - Sched

Real Estate Inventories - Schedule of Real Estate Inventory Impairments and Land Option Abandonments (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Real Estate [Abstract]
Real estate inventory impairments	$ 10,078,000	$ 0	$ 854,000
Land and lot option abandonments and pre-acquisition costs	14,797,000	5,085,000	1,199,000
Total	$ 24,875,000	$ 5,085,000	$ 2,053,000

Investments in Unconsolidated_3

Investments in Unconsolidated Entities - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019investment
Minimum
Investment Holdings [Line Items]
Ownership interest (percent)	7.00%
Maximum
Investment Holdings [Line Items]
Ownership interest (percent)	65.00%
Homebuilding Partnerships or Limited Liability Companies
Investment Holdings [Line Items]
Number of equity investments	5
Financial Services Limited Liability Company
Investment Holdings [Line Items]
Number of equity investments	1

Investments in Unconsolidated_4

Investments in Unconsolidated Entities - Aggregated Assets, Liabilities and Operating Results of Entities as Equity-Method Investments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Assets
Total assets	$ 133,393	$ 118,686
Liabilities and equity
Accounts payable and other liabilities	11,009	11,631
Company’s equity	11,745	5,410
Outside interests’ equity	110,639	101,645
Total liabilities and equity	133,393	118,686
Net sales	30,691	28,745	$ 24,247
Other operating expense	(16,981)	(17,447)	(13,904)
Other income	175	97	120
Net income	13,885	11,395	10,463
Company’s equity in income (loss) of unconsolidated entities	9,264	8,124	$ (5,007)
Cash
Assets
Total assets	8,537	13,337
Receivables
Assets
Total assets	7,393	4,674
Real estate inventories
Assets
Total assets	116,760	99,864
Other assets
Assets
Total assets	$ 703	$ 811

Variable Interest Entities - Su

Variable Interest Entities - Summary of Interests in Land Option Agreements (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Deposits	$ 74,057	$ 71,909
Remaining Purchase Price	799,319	741,218
Consolidated Inventory Held by VIEs	0	0
Consolidated VIEs
Variable Interest Entity [Line Items]
Deposits	0	0
Remaining Purchase Price	0	0
Consolidated Inventory Held by VIEs	0	0
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Deposits	42,896	41,198
Remaining Purchase Price	440,974	433,720
Other land option agreements
Variable Interest Entity [Line Items]
Deposits	31,161	30,711
Remaining Purchase Price	$ 358,345	$ 307,498

Variable Interest Entities - Ad

Variable Interest Entities - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Other land option agreements
Variable Interest Entity [Line Items]
Capitalized pre-acquisition costs	$ 6	$ 7.5

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)asset	Dec. 31, 2018USD ($)
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	$ 139,304	$ 139,304
Number of intangible assets | asset	2
Indefinite-Lived Trade Names
Schedule Of Intangible Assets And Goodwill [Line Items]
Indefinite life intangible asset	$ 17,300
Finite-Lived Trade Names
Schedule Of Intangible Assets And Goodwill [Line Items]
Remaining useful life of amortizing asset	6 years 2 months 12 days	7 years 2 months 12 days
Amortization expense	$ 534	$ 534
Maracay
Schedule Of Intangible Assets And Goodwill [Line Items]
Intangible assets useful life	20 years
WRECO Merger Transaction
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	$ 139,300

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Goodwill and Other Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 139,304	$ 139,304
Trade names, Gross Carrying Amount	27,979	27,979
Goodwill and Trade names, Gross Carrying Amount	167,283	167,283
Accumulated Amortization	(7,390)	(6,856)
Trade names, Net Carrying Amount	20,589	21,123
Goodwill and Trade names, Net Carrying Amount	$ 159,893	$ 160,427

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Expected Amortization of Intangible Asset (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2020	$ 534
2021	534
2022	534
2023	534
2024	534
Thereafter	619
Total	$ 3,289

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses	$ 24,070	$ 31,983
Refundable fees and other deposits	30,242	12,376
Development rights, held for future use or sale	2,213	845
Deferred loan costs	4,345	2,424
Operating properties and equipment, net	57,803	54,198
Lease right-of-use assets	50,947
Other	3,805	3,425
Other assets, total	$ 173,425	$ 105,251

Other Assets - Narrative (Detai

Other Assets - Narrative (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Jan. 01, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative effect adjustment to the opening balance sheet		$ (7,354)
ASC 842
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative effect adjustment to the opening balance sheet	$ 57,400

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities - Schedule of Accrued Expenses and Other Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Accrued payroll and related costs	$ 42,798	$ 44,010
Warranty reserves (Note 13)	76,607	71,836	$ 69,373	$ 83,135
Estimated cost for completion of real estate inventories	90,899	114,928
Customer deposits	20,390	17,464
Income tax liability to Weyerhaeuser	346	6,577
Accrued income taxes payable	1,530	8,335
Liability for uncertain tax positions	486	972
Accrued interest	11,952	12,572
Other tax liabilities	8,448	21,892
Lease liabilities	56,125	0
Other	12,462	36,563
Total	$ 322,043	$ 335,149

Accrued Expenses and Other Li_4

Accrued Expenses and Other Liabilities - Narrative (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Jan. 01, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment to the opening balance sheet		$ (7,354)
ASC 842
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment to the opening balance sheet	$ 57,400

Senior Notes and Loans Payabl_2

Senior Notes and Loans Payable - Schedule of Senior Notes (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2017	May 31, 2016
Debt Instrument [Line Items]
Discount and deferred loan costs	$ (16,015)	$ (21,091)
Total	$ 1,033,985	$ 1,410,804
Senior Notes | 4.375% Senior Notes due June 15, 2019
Debt Instrument [Line Items]
Interest rate on senior note (percent)	4.375%	4.375%
Long-term debt, gross	$ 0	$ 381,895
Senior Notes | 4.875% Senior Notes due July 1, 2021
Debt Instrument [Line Items]
Interest rate on senior note (percent)	4.875%	4.875%		4.875%
Long-term debt, gross	$ 300,000	$ 300,000
Senior Notes | 5.875% Senior Notes due June 15, 2024
Debt Instrument [Line Items]
Interest rate on senior note (percent)	5.875%	5.875%
Long-term debt, gross	$ 450,000	$ 450,000
Senior Notes | 5.250% Senior Notes due June 1, 2027
Debt Instrument [Line Items]
Interest rate on senior note (percent)	5.25%	5.25%	5.25%
Long-term debt, gross	$ 300,000	$ 300,000

Senior Notes and Loans Payabl_3

Senior Notes and Loans Payable - Additional Information (Detail) - USD ($)	1 Months Ended			12 Months Ended
	Jun. 30, 2019	Jun. 30, 2017	May 31, 2016	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Mar. 29, 2019
Debt Instrument [Line Items]
Capitalization of deferred finance costs				$ 4,345,000	$ 2,424,000
Accrued interest				11,952,000	12,572,000
Borrowings from debt				400,000,000	125,000,000	$ 500,000,000
Loans payable				250,000,000	0
Outstanding letters of credit				32,600,000	31,800,000
Interest incurred				89,691,000	91,631,000	$ 84,264,000
Term loan facility
Debt Instrument [Line Items]
Amortization of deferred financing costs				6,300,000	8,000,000
Senior Notes
Debt Instrument [Line Items]
Capitalization of deferred finance costs				11,100,000	14,600,000
Accrued interest				$ 9,800,000	$ 11,500,000
5.250% Senior Notes due June 1, 2027 | Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 300,000,000
Interest rate on debt (percent)		5.25%		5.25%	5.25%
Percentage of aggregate principal amount (percent)		100.00%
Proceeds from issuance of debt note, net		$ 296,300,000
4.875% Senior Notes due July 1, 2021 | Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount			$ 300,000,000
Interest rate on debt (percent)			4.875%	4.875%	4.875%
Percentage of aggregate principal amount (percent)			99.44%
Proceeds from issuance of debt note, net			$ 293,900,000
5.875% Senior Notes due June 15, 2024
Debt Instrument [Line Items]
Notes issue price as a percentage of principal amount				98.15%
5.875% Senior Notes due June 15, 2024 | Senior Notes
Debt Instrument [Line Items]
Interest rate on debt (percent)				5.875%	5.875%
Percentage of aggregate principal amount (percent)				100.00%
Proceeds from issuance of senior notes				$ 861,300,000
4.375% Senior Notes due June 15, 2019 | Senior Notes
Debt Instrument [Line Items]
Interest rate on debt (percent)				4.375%	4.375%
Term loan facility | Term loan facility
Debt Instrument [Line Items]
Line of credit facility, current borrowing capacity				$ 250,000,000			$ 250,000,000
Borrowings from debt	$ 250,000,000
Loans payable				$ 250,000,000	$ 0
Line of credit facility, interest rate at period end (percent)				3.29%
Term loan facility | Term loan facility | Minimum
Debt Instrument [Line Items]
Debt instrument variable interest rate				1.10%
Term loan facility | Term loan facility | Maximum
Debt Instrument [Line Items]
Debt instrument variable interest rate				1.85%
Term Loan Facility and Revolving Credit Facility
Debt Instrument [Line Items]
Unsecured revolving credit facility							1,000,000,000
Unsecured revolving credit facility | Unsecured revolving credit facility
Debt Instrument [Line Items]
Capitalization of deferred finance costs				$ 4,300,000	2,400,000
Accrued interest				1,200,000	402,000
Line of credit facility, current borrowing capacity							600,000,000
Loans payable				$ 0	$ 0
Unsecured revolving credit facility | Unsecured revolving credit facility | Minimum
Debt Instrument [Line Items]
Debt instrument variable interest rate				1.25%
Unsecured revolving credit facility | Unsecured revolving credit facility | Maximum
Debt Instrument [Line Items]
Debt instrument variable interest rate				2.00%
Letters of credit | Unsecured revolving credit facility
Debt Instrument [Line Items]
Unsecured revolving credit facility							$ 75,000,000

Senior Notes and Loans Payabl_4

Senior Notes and Loans Payable - Company's Outstanding Loans Payable (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Line of Credit Facility [Line Items]
Loans payable	$ 250,000,000	$ 0
Unsecured revolving credit facility | Unsecured revolving credit facility
Line of Credit Facility [Line Items]
Loans payable	0	0
Term loan facility | Term loan facility
Line of Credit Facility [Line Items]
Loans payable	$ 250,000,000	$ 0

Fair Value Disclosures - Summar

Fair Value Disclosures - Summary of Assets and Liabilities Related to Financial Instruments, Measured at Fair Value on a Recurring Basis (Detail) - Level 2 - Recurring - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Term loan | Book Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets and liabilities related to financial instruments	$ 250,000	$ 0
Term loan | Fair Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets and liabilities related to financial instruments	250,000	0
Senior Notes | Book Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets and liabilities related to financial instruments	1,045,072	1,425,397
Senior Notes | Fair Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets and liabilities related to financial instruments	$ 1,104,750	$ 1,308,826

Fair Value Disclosures - Summ_2

Fair Value Disclosures - Summary of Assets and Liabilities Related to Financial Instruments, Measured at Fair Value on a Recurring Basis (Phantoms) (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Deferred loan cost	$ 4,345	$ 2,424
Senior Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Deferred loan cost	$ 11,100	$ 14,600

Fair Value Disclosures - Summ_3

Fair Value Disclosures - Summary of Nonfinancial Assets Measured at Fair Value on a Nonrecurring Basis (Detail)	12 Months Ended
	Dec. 31, 2019USD ($)community	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Real estate inventory impairments	$ 10,078,000	$ 0	$ 854,000
Real estate inventories	$ 3,065,436,000	3,216,059,000
Number of impaired real estate properties | community	4
Fair Value Measurements Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Real estate inventory impairments	$ 9,735,000	0
Real estate inventories	$ 10,078,000	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 1987lease_renewalleaselease_extension	Sep. 30, 2019
Commitment And Contingencies [Line Items]
Legal reserve	$ 419	$ 17,500
Outstanding warranty insurance receivables	39,994	37,597
Obligations related to surety bonds	12,462	36,563
Operating Lease, Expense	9,200
Rental expense		7,900	$ 7,000
Deposits	74,057	71,909
Aggregate remaining purchase price	799,300
Building
Commitment And Contingencies [Line Items]
Lease term					10 years
Ground lease
Commitment And Contingencies [Line Items]
Lease term				55 years
Number of lease contracts | lease				2
Subleased ground leases	65,200
Future ground lease obligations	$ 96,202
Minimum | Equipment Leases
Commitment And Contingencies [Line Items]
Lease term	3 years
Maximum | Equipment Leases
Commitment And Contingencies [Line Items]
Lease term					4 years
Surety bonds
Commitment And Contingencies [Line Items]
Outstanding surety bonds	$ 611,600	685,700
Obligations related to surety bonds	$ 382,300	$ 423,400
10 year renewal option | Ground lease
Commitment And Contingencies [Line Items]
Operating leases, renewal term				10 years
Number of lease renewal options | lease_renewal				3
45 year ground lease | Ground lease
Commitment And Contingencies [Line Items]
Lease term				45 years
Number of lease contracts | lease				1
ground lease
Commitment And Contingencies [Line Items]
Operating leases, renewal term				10 years
ground lease | Ground lease
Commitment And Contingencies [Line Items]
Number of lease extensions exercised | lease_extension				1

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Warranty Reserves (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty reserves, beginning of period	$ 71,836	$ 69,373	$ 83,135
Warranty reserves accrued	27,537	25,340	13,336
Adjustments to pre-existing reserves	(427)	(4,286)	(9,354)
Warranty expenditures	(22,339)	(18,591)	(17,744)
Warranty reserves, end of period	$ 76,607	$ 71,836	$ 69,373

Commitments and Contingencies_3

Commitments and Contingencies - Lease Costs and Other Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Lessee, Lease, Description [Line Items]
Net lease cost	$ 9,192
Right-of-use assets obtained in exchange for new operating lease liabilities	2,473
Operating lease
Lessee, Lease, Description [Line Items]
Lease costs	9,228
Cash paid for amounts included in the measurement of lease liabilities	$ 6,513
Weighted-average discount rate (percent)	5.90%
Weighted-average remaining lease term (in years):	6 years 1 month 6 days
Ground lease
Lessee, Lease, Description [Line Items]
Lease costs	$ 2,434
Sublease income	(2,470)
Cash paid for amounts included in the measurement of lease liabilities	$ 2,434
Weighted-average discount rate (percent)	10.20%
Weighted-average remaining lease term (in years):	48 years 1 month 6 days

Commitments and Contingencies_4

Commitments and Contingencies - Schedule of Minimum Lease Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Present value of operating lease liabilities	$ 56,125	$ 0
Property, Equipment and Other Leases
Lessee, Lease, Description [Line Items]
2020	8,592
2021	7,192
2022	5,598
2023	4,492
2024	2,768
Thereafter	6,403
Total operating lease payments	35,045
Less: Interest	5,804
Present value of operating lease liabilities	29,241
Ground lease
Lessee, Lease, Description [Line Items]
2020	2,984
2021	2,984
2022	2,984
2023	2,984
2024	2,984
Thereafter	81,282
Total operating lease payments	96,202
Less: Interest	69,318
Present value of operating lease liabilities	26,884
Payments to be received	$ 65,200

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands

May 06, 2019

Mar. 11, 2019

Feb. 28, 2019

Jul. 23, 2018

May 07, 2018

Apr. 30, 2018

Feb. 22, 2018

Feb. 15, 2018

Feb. 27, 2017

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Unrecognized stock based compensation related to all stock-based awards

$ 16,600

Weighted average period, expense to recognize

1 year 8 months 12 days

Intrinsic value of stock option awards exercised

$ 354

$ 873

$ 4,500

Options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted (shares)

0

0

0

Restricted Stock Units (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Intrinsic value of restricted stock units vested

$ 10,900

$ 17,800

$ 8,800

Grant date fair value of restricted stock awards granted or assumed

$ 20,100

$ 17,800

$ 18,400

Restricted stock units, granted (shares)

1,656,333

Restricted stock units, vested (shares)

844,734

Fair value of awards (in usd per share)

$ 12.39

$ 11.05

Restricted Stock Units (RSUs) | Total Shareholder Return

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage (percent)

30.00%

Restricted Stock Units (RSUs) | Earnings Per Share

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage (percent)

70.00%

Restricted Stock Units (RSUs) | Employees and Officers

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Restricted stock units, granted (shares)

3,025

990,723

4,258

633,107

Share-based compensation arrangement by share-based payment award, award vesting period

3 years

3 years

Closing stock price on date of grant (in usd per share)

$ 13.22

$ 12.60

$ 17.61

$ 16.94

Restricted Stock Units (RSUs) | Chief Executive Officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Restricted stock units, granted (shares)

247,619

184,179

Restricted Stock Units (RSUs) | President

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Restricted stock units, granted (shares)

238,095

177,095

Restricted Stock Units (RSUs) | Chief Financial Officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Restricted stock units, granted (shares)

114,285

85,005

Restricted Stock Units (RSUs) | Employees, Officers and Directors | Total Shareholder Return

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Fair value of awards (in usd per share)

$ 8.16

Restricted Stock Units (RSUs) | Employees, Officers and Directors | Earnings Per Share

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Closing stock price on date of grant (in usd per share)

$ 12.60

$ 16.94

Fair value of awards (in usd per share)

$ 10.97

Restricted Stock Units (RSUs) | Board of Directors

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Restricted stock units, granted (shares)

61,488

6,677

40,910

Closing stock price on date of grant (in usd per share)

$ 16.37

$ 17.11

Restricted Stock Units (RSUs) | Certain Employees [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Restricted stock units, granted (shares)

1,098

Restricted Stock Units (RSUs) | Certain Employees and Directors [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Closing stock price on date of grant (in usd per share)

$ 13.66

2013 Incentive Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Common stock (shares)

11,727,833

Shares available for future grant (shares)

5,847,900

2013 Incentive Plan | Restricted Stock Units (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Restricted stock units, granted (shares)

197,898

Minimum | Restricted Stock Units (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage (percent)

0.00%

0.00%

Maximum | Restricted Stock Units (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage (percent)

100.00%

100.00%

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Compensation Expense Recognized Related to all Stock-Based Awards (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Payment Arrangement [Abstract]
Total stock-based compensation	$ 14,806	$ 14,814	$ 15,906

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Stock Option Awards (Detail) - Options - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding at beginning of period (shares)	953,905
Options granted (shares)	0	0	0
Options exercised (shares)	(58,937)
Options forfeited (shares)	(3,625)
Options outstanding at end of period (shares)	891,343	953,905
Options exercisable at end of period (shares)	891,343
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted Average Exercise Price, Outstanding, Balance (in usd per share)	$ 14.58
Weighted Average Exercise Price, Granted (in usd per share)	0
Weighted Average Exercise Price, Exercised (in usd per share)	7.84
Weighted Average Exercise Price, Forfeited (in usd per share)	14.29
Weighted Average Exercise Price, Outstanding, Balance (in usd per share)	15.03	$ 14.58
Weighted Average Exercise Price, Options exercisable at end of period (in usd per share)	$ 15.03
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted Average Remaining Contractual Life, Outstanding	3 years 4 months 24 days	4 years 2 months 12 days
Weighted Average Remaining Contractual Life, Options exercisable at end of period	3 years 4 months 24 days
Aggregate Intrinsic Value, Outstanding, Balance	$ 994	$ 296
Aggregate Intrinsic Value, Outstanding, Options exercisable at end of period	$ 994

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Restricted Stock Units (Detail) - Restricted Stock Units (RSUs) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Restricted Stock Units
Nonvested RSUs at beginning of period (shares)	3,341,848
Granted (shares)	1,656,333
Vested (shares)	(844,734)
Forfeited (shares)	(769,096)
Nonvested RSUs at end of period (shares)	3,384,351
Weighted Average Grant Date Fair Value Per Share
Weighted Average Grant Date Fair Value, Beginning Balance (in usd per share)	$ 11.05
Weighted Average Grant Date Fair Value, Granted (in usd per share)	12.15
Weighted Average Grant Date Fair Value, Vested (in usd per share)	12.95
Weighted Average Grant Date Fair Value, Forfeited (in usd per share)	5.45
Weighted Average Grant Date Fair Value, Ending Balance (in usd per share)	$ 12.39
Aggregate Intrinsic Value
Aggregate Intrinsic Value, Granted
Aggregate Intrinsic Value	$ 52,694	$ 36,526

Income Taxes - Provision (Benef

Income Taxes - Provision (Benefit) for Income Tax Attributable to Income (Loss) from Continuing Operations before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal	$ 38,782	$ 70,098	$ 95,814
State	7,253	10,941	8,961
Total current taxes	46,035	81,039	104,775
Deferred:
Federal	9,698	(350)	37,151
State	8,167	9,863	10,341
Total deferred taxes	17,865	9,513	47,492
Total income tax expense	$ 63,900	$ 90,552	$ 152,267

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Contingency [Line Items]
Federal statutory rate (percent)	21.00%
Provisional (benefit) amount recorded		$ (740,000)	$ 22,000,000
Valuation allowance related to deferred tax assets	$ 3,450,000	3,449,000
Impairment of joint venture	0	0	$ 13,200,000
Tax benefit that would result if uncertain tax positions are reversed	486,000
State and Local Jurisdiction
Income Tax Contingency [Line Items]
Net operating loss carryforward	197,000,000
Valuation allowance related to deferred tax assets	$ 3,500,000	$ 3,400,000

Income Taxes - Effective Tax Ra

Income Taxes - Effective Tax Rate Differs from Federal Statutory Rate (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Taxes at the U.S. federal statutory rate	$ 56,935	$ 76,009	$ 118,936
State income taxes, net of federal tax impact	10,221	13,603	10,712
Domestic production activities deduction	0	0	(7,108)
Non-deductible transaction costs	145	234	541
Change in valuation allowance	(3)	0	3,256
Tax Cuts and Jobs Act	0	(740)	21,961
Federal Energy Credits	(6,873)	0	0
Other, net	3,475	1,446	3,969
Total income tax expense	$ 63,900	$ 90,552	$ 152,267
Effective income tax rate (percent)	23.60%	25.00%	44.80%

Income Taxes - Components of De

Income Taxes - Components of Deferred Income Tax Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Impairment and other valuation reserves	$ 31,781	$ 37,573
Incentive compensation	5,818	5,946
Indirect costs capitalized	21,160	20,348
Operating lease liability	14,210
Net operating loss carryforwards (state)	13,254	18,702
State taxes	1,315	2,275
Other costs and expenses	10,909	10,848
Gross deferred tax assets	98,447	95,692
Valuation allowance	(3,450)	(3,449)
Deferred tax assets, net of valuation allowance	94,997	92,243
Deferred tax liabilities:
Interest capitalized	(7,944)	(7,355)
Basis difference in inventory	(6,982)	(8,170)
Fixed assets	(10,766)	(2,473)
Intangibles	(5,062)	(5,187)
Operating lease asset	(13,131)
Deferred financing costs	(757)	(802)
Other	(451)	(488)
Deferred tax liabilities	(45,093)	(24,475)
Net deferred tax assets	$ 49,904	$ 67,768

Income Taxes - Schedule of Gros

Income Taxes - Schedule of Gross Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Balance at beginning of year	$ 1,014	$ 1,521
Increase (decrease) related to prior year tax positions	(507)	(507)
Balance at end of year	$ 507	$ 1,014

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Related Party Transactions [Abstract]
Related party transactions	$ 0	$ 0

Supplemental Disclosure to Co_3

Supplemental Disclosure to Consolidated Statement of Cash Flow - Supplemental Disclosure to Consolidated Statement of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Supplemental disclosure of cash flow information:
Interest paid (capitalized), net	$ (5,660)	$ 19,548	$ (18,274)
Income taxes	154,730	102,149	74,388
Supplemental disclosures of noncash activities:
Accrued liabilities related to the purchase of operating properties and equipment	0	685	0
Amortization of senior note discount capitalized to real estate inventory	1,570	2,112	2,048
Amortization of deferred loan costs capitalized to real estate inventory	4,148	5,927	5,578
Increase in other assets related to adoption of ASC 606	0	39,534	0
Effect of net consolidation and de-consolidation of variable interest entities:
Decrease in consolidated real estate inventory not owned	0	0	(17,485)
Increase in noncontrolling interests	$ 0	$ 0	$ 17,485

Supplemental Guarantor Inform_3

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 329,011	$ 277,696
Receivables	69,276	51,592
Intercompany receivables	0	0
Real estate inventories	3,065,436	3,216,059
Investments in unconsolidated entities	11,745	5,410
Goodwill and other intangible assets, net	159,893	160,427
Investments in subsidiaries	0	0
Deferred tax assets, net	49,904	67,768
Other assets	173,425	105,251
Total assets	3,858,690	3,884,203
Liabilities
Accounts payable	66,120	81,313
Intercompany payables	0	0
Accrued expenses and other liabilities	322,043	335,149
Loans payable	250,000	0
Senior notes, net	1,033,985	1,410,804
Total liabilities	1,672,148	1,827,266
Equity
Total stockholders’ equity	2,186,530	2,056,924
Noncontrolling interests	12	13
Total equity	2,186,542	2,056,937	$ 1,930,327	$ 1,848,510
Total liabilities and equity	3,858,690	3,884,203
Reporting Entity | Issuer
Assets
Cash and cash equivalents	186,200	148,129
Receivables	26,016	16,589
Intercompany receivables	576,846	758,501
Real estate inventories	737,662	812,799
Investments in unconsolidated entities	0	0
Goodwill and other intangible assets, net	156,604	156,604
Investments in subsidiaries	1,870,885	1,672,635
Deferred tax assets, net	9,020	14,822
Other assets	14,676	12,984
Total assets	3,577,909	3,593,063
Liabilities
Accounts payable	14,915	13,433
Intercompany payables	0	0
Accrued expenses and other liabilities	92,479	111,902
Loans payable	250,000
Senior notes, net	1,033,985	1,410,804
Total liabilities	1,391,379	1,536,139
Equity
Total stockholders’ equity	2,186,530	2,056,924
Noncontrolling interests	0	0
Total equity	2,186,530	2,056,924
Total liabilities and equity	3,577,909	3,593,063
Reporting Entity | Guarantor Subsidiaries
Assets
Cash and cash equivalents	142,811	129,567
Receivables	43,260	35,003
Intercompany receivables	0	0
Real estate inventories	2,327,774	2,403,260
Investments in unconsolidated entities	11,745	5,410
Goodwill and other intangible assets, net	3,289	3,823
Investments in subsidiaries	0	0
Deferred tax assets, net	40,884	52,946
Other assets	158,749	92,267
Total assets	2,728,512	2,722,276
Liabilities
Accounts payable	51,205	67,880
Intercompany payables	576,846	758,501
Accrued expenses and other liabilities	229,564	223,247
Loans payable	0
Senior notes, net	0	0
Total liabilities	857,615	1,049,628
Equity
Total stockholders’ equity	1,870,885	1,672,635
Noncontrolling interests	12	13
Total equity	1,870,897	1,672,648
Total liabilities and equity	2,728,512	2,722,276
Consolidating Adjustments
Assets
Cash and cash equivalents	0	0
Receivables	0	0
Intercompany receivables	(576,846)	(758,501)
Real estate inventories	0	0
Investments in unconsolidated entities	0	0
Goodwill and other intangible assets, net	0	0
Investments in subsidiaries	(1,870,885)	(1,672,635)
Deferred tax assets, net	0	0
Other assets	0	0
Total assets	(2,447,731)	(2,431,136)
Liabilities
Accounts payable	0	0
Intercompany payables	(576,846)	(758,501)
Accrued expenses and other liabilities	0	0
Loans payable	0
Senior notes, net	0	0
Total liabilities	(576,846)	(758,501)
Equity
Total stockholders’ equity	(1,870,885)	(1,672,635)
Noncontrolling interests	0	0
Total equity	(1,870,885)	(1,672,635)
Total liabilities and equity	$ (2,447,731)	$ (2,431,136)

Supplemental Guarantor Inform_4

Supplemental Guarantor Information - Condensed Consolidating Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements Captions [Line Items]
Revenues	$ 1,141,274	$ 748,395	$ 698,714	$ 494,632	$ 1,132,697	$ 775,071	$ 771,303	$ 583,676	$ 3,083,015	$ 3,262,747	$ 2,810,272
Other operations expense									2,434	3,174	2,298
Sales and marketing									195,148	187,267	137,066
General and administrative									157,161	155,030	137,764
Homebuilding income from operations									253,859	353,204	343,634
Equity in loss of unconsolidated entities									(52)	(393)	(11,433)
Other income, net									6,857	(419)	151
Homebuilding income before income taxes									260,664	352,392	332,352
Equity in income of unconsolidated entities									9,316	8,517	6,426
Financial services income before taxes									10,423	9,673	7,466
Income before income taxes									271,087	362,065	339,818
Provision for income taxes									(63,900)	(90,552)	(152,267)
Equity of net income (loss) of subsidiaries									0	0	0
Net income	117,993	62,861	26,262	71	100,984	63,969	63,680	42,880	207,187	271,513	187,551
Net income attributable to noncontrolling interests	0	0	0	0	(1,602)	0	0	0	0	(1,602)	(360)
Net income available to common stockholders	$ 117,993	$ 62,861	$ 26,262	$ 71	$ 99,382	$ 63,969	$ 63,680	$ 42,880	207,187	269,911	187,191
Reporting Entity | Issuer
Condensed Financial Statements Captions [Line Items]
Other operations expense									0	0	0
Sales and marketing									42,432	48,593	34,286
General and administrative									80,798	78,669	67,006
Homebuilding income from operations									3,184	50,902	45,223
Equity in loss of unconsolidated entities									0	0	0
Other income, net									6,188	(623)	38
Homebuilding income before income taxes									9,372	50,279	45,261
Equity in income of unconsolidated entities									0	0	0
Financial services income before taxes									0	0	0
Income before income taxes									9,372	50,279	45,261
Provision for income taxes									(2,323)	(13,084)	(22,501)
Equity of net income (loss) of subsidiaries									200,138	232,716	164,431
Net income										269,911	187,191
Net income attributable to noncontrolling interests										0	0
Net income available to common stockholders									207,187	269,911	187,191
Reporting Entity | Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Other operations expense									2,434	3,174	2,298
Sales and marketing									152,716	138,674	102,780
General and administrative									76,363	76,361	70,758
Homebuilding income from operations									250,675	302,302	298,411
Equity in loss of unconsolidated entities									(52)	(393)	(11,433)
Other income, net									669	204	113
Homebuilding income before income taxes									251,292	302,113	287,091
Equity in income of unconsolidated entities									9,316	8,517	6,426
Financial services income before taxes									10,423	9,673	7,466
Income before income taxes									261,715	311,786	294,557
Provision for income taxes									(61,577)	(77,468)	(129,766)
Equity of net income (loss) of subsidiaries									0	0	0
Net income										234,318	164,791
Net income attributable to noncontrolling interests										(1,602)	(360)
Net income available to common stockholders									200,138	232,716	164,431
Consolidating Adjustments
Condensed Financial Statements Captions [Line Items]
Other operations expense									0	0	0
Sales and marketing									0	0	0
General and administrative									0	0	0
Homebuilding income from operations									0	0	0
Equity in loss of unconsolidated entities									0	0	0
Other income, net									0	0	0
Homebuilding income before income taxes									0	0	0
Equity in income of unconsolidated entities									0	0	0
Financial services income before taxes									0	0	0
Income before income taxes									0	0	0
Provision for income taxes									0	0	0
Equity of net income (loss) of subsidiaries									(200,138)	(232,716)	(164,431)
Net income										(232,716)	(164,431)
Net income attributable to noncontrolling interests										0	0
Net income available to common stockholders									(200,138)	(232,716)	(164,431)
Homebuilding
Condensed Financial Statements Captions [Line Items]
Revenues									3,079,021	3,261,009	2,808,901
Homebuilding | Reporting Entity | Issuer
Condensed Financial Statements Captions [Line Items]
Revenues									796,959	1,073,592	927,247
Homebuilding | Reporting Entity | Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Revenues									2,282,062	2,187,417	1,881,654
Homebuilding | Consolidating Adjustments
Condensed Financial Statements Captions [Line Items]
Revenues									0	0	0
Home sales
Condensed Financial Statements Captions [Line Items]
Home sales									3,069,375	3,244,087	2,732,299
Cost of home sales									2,462,708	2,536,899	2,173,251
Home sales | Reporting Entity | Issuer
Condensed Financial Statements Captions [Line Items]
Home sales									796,959	1,073,592	927,247
Cost of home sales									670,545	877,928	780,732
Home sales | Reporting Entity | Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Home sales									2,272,416	2,170,495	1,805,052
Cost of home sales									1,792,163	1,658,971	1,392,519
Home sales | Consolidating Adjustments
Condensed Financial Statements Captions [Line Items]
Home sales									0	0	0
Cost of home sales									0	0	0
Land and lot sales
Condensed Financial Statements Captions [Line Items]
Home sales									7,176	8,758	74,269
Cost of home sales									7,711	25,435	14,888
Land and lot sales | Reporting Entity | Issuer
Condensed Financial Statements Captions [Line Items]
Home sales									0	0	0
Cost of home sales									0	17,500	0
Land and lot sales | Reporting Entity | Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Home sales									7,176	8,758	74,269
Cost of home sales									7,711	7,935	14,888
Land and lot sales | Consolidating Adjustments
Condensed Financial Statements Captions [Line Items]
Home sales									0	0	0
Cost of home sales									0	0	0
Other operations
Condensed Financial Statements Captions [Line Items]
Revenues									2,470	8,164	2,333
Other operations | Reporting Entity | Issuer
Condensed Financial Statements Captions [Line Items]
Revenues									0	0	0
Other operations | Reporting Entity | Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Revenues									2,470	8,164	2,333
Other operations | Consolidating Adjustments
Condensed Financial Statements Captions [Line Items]
Revenues									0	0	0
Financial services
Condensed Financial Statements Captions [Line Items]
Revenues									3,994	1,738	1,371
Cost of home sales									2,887	582	331
Financial services | Reporting Entity | Issuer
Condensed Financial Statements Captions [Line Items]
Revenues									0	0	0
Cost of home sales									0	0	0
Financial services | Reporting Entity | Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Revenues									3,994	1,738	1,371
Cost of home sales									2,887	582	331
Financial services | Consolidating Adjustments
Condensed Financial Statements Captions [Line Items]
Revenues									0	0	0
Cost of home sales									$ 0	$ 0	$ 0

Supplemental Guarantor Inform_5

Supplemental Guarantor Information - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net cash provided by operating activities	$ 315,980	$ 310,662	$ 101,674
Cash flows from investing activities:
Purchases of property and equipment	(30,282)	(31,651)	(2,605)
Proceeds from sale of property and equipment	46	8	6
Investments in unconsolidated entities	(7,022)	(2,274)	(980)
Intercompany	0	0	0
Net cash paid for acquisition	0	(61,495)	0
Net cash used in investing activities	(37,258)	(95,412)	(3,579)
Cash flows from financing activities:
Borrowings from debt	400,000	125,000	500,000
Repayment of debt	(531,895)	(193,105)	(413,726)
Debt issuance costs	(3,125)	0	(5,957)
Distributions to Weyerhaeuser	0	(2,194)	(1,333)
Proceeds from issuance of common stock under share-based awards	449	1,943	12,291
Minimum tax withholding paid on behalf of employees for share-based awards	(3,612)	(6,049)	(2,896)
Share repurchases	(89,224)	(146,063)	(112,217)
Intercompany	0	0	0
Net cash used in financing activities	(227,407)	(220,468)	(23,838)
Net increase (decrease) in cash and cash equivalents	51,315	(5,218)	74,257
Cash and cash equivalents - beginning of year	277,696	282,914	208,657
Cash and cash equivalents - end of year	329,011	277,696	282,914
Reporting Entity | Issuer
Cash flows from operating activities:
Net cash provided by operating activities	88,832	156,976	73,208
Cash flows from investing activities:
Purchases of property and equipment	(9,469)	(8,038)	(1,424)
Proceeds from sale of property and equipment	0	0	0
Investments in unconsolidated entities	0	0	0
Intercompany	186,115	40,781	(14,163)
Net cash paid for acquisition	0	0
Net cash used in investing activities	176,646	32,743	(15,587)
Cash flows from financing activities:
Borrowings from debt	400,000	125,000	500,000
Repayment of debt	(531,895)	(193,105)	(413,726)
Debt issuance costs	(3,125)		(5,957)
Distributions to Weyerhaeuser		0	0
Proceeds from issuance of common stock under share-based awards	449	1,943	12,291
Minimum tax withholding paid on behalf of employees for share-based awards	(3,612)	(6,049)	(2,896)
Share repurchases	(89,224)	(146,063)	(112,217)
Intercompany	0	0	0
Net cash used in financing activities	(227,407)	(218,274)	(22,505)
Net increase (decrease) in cash and cash equivalents	38,071	(28,555)	35,116
Cash and cash equivalents - beginning of year	148,129	176,684	141,568
Cash and cash equivalents - end of year	186,200	148,129	176,684
Reporting Entity | Guarantor Subsidiaries
Cash flows from operating activities:
Net cash provided by operating activities	227,148	153,686	28,466
Cash flows from investing activities:
Purchases of property and equipment	(20,813)	(23,613)	(1,181)
Proceeds from sale of property and equipment	46	8	6
Investments in unconsolidated entities	(7,022)	(2,274)	(980)
Intercompany	0	0	0
Net cash paid for acquisition	0	(61,495)
Net cash used in investing activities	(27,789)	(87,374)	(2,155)
Cash flows from financing activities:
Borrowings from debt	0	0	0
Repayment of debt	0	0	0
Debt issuance costs	0		0
Distributions to Weyerhaeuser		(2,194)	(1,333)
Proceeds from issuance of common stock under share-based awards	0	0	0
Minimum tax withholding paid on behalf of employees for share-based awards	0	0	0
Share repurchases	0	0	0
Intercompany	(186,115)	(40,781)	14,163
Net cash used in financing activities	(186,115)	(42,975)	12,830
Net increase (decrease) in cash and cash equivalents	13,244	23,337	39,141
Cash and cash equivalents - beginning of year	129,567	106,230	67,089
Cash and cash equivalents - end of year	142,811	129,567	106,230
Consolidating Adjustments
Cash flows from operating activities:
Net cash provided by operating activities	0	0	0
Cash flows from investing activities:
Purchases of property and equipment	0	0	0
Proceeds from sale of property and equipment	0	0	0
Investments in unconsolidated entities	0	0	0
Intercompany	(186,115)	(40,781)	14,163
Net cash paid for acquisition	0	0
Net cash used in investing activities	(186,115)	(40,781)	14,163
Cash flows from financing activities:
Borrowings from debt	0	0	0
Repayment of debt	0	0	0
Debt issuance costs	0		0
Distributions to Weyerhaeuser		0	0
Proceeds from issuance of common stock under share-based awards	0	0	0
Minimum tax withholding paid on behalf of employees for share-based awards	0	0	0
Share repurchases	0	0	0
Intercompany	186,115	40,781	(14,163)
Net cash used in financing activities	186,115	40,781	(14,163)
Net increase (decrease) in cash and cash equivalents	0	0	0
Cash and cash equivalents - beginning of year	0	0	0
Cash and cash equivalents - end of year	$ 0	$ 0	$ 0

Results of Quarterly Operatio_3

Results of Quarterly Operations (Unaudited) - Schedule of Quarterly Results of Operations (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 1,141,274	$ 748,395	$ 698,714	$ 494,632	$ 1,132,697	$ 775,071	$ 771,303	$ 583,676	$ 3,083,015	$ 3,262,747	$ 2,810,272
Cost of homes sales and other	889,628	578,731	580,873	423,621	897,913	609,877	606,111	451,607
Gross margin	251,646	169,664	117,841	71,011	234,784	165,194	165,192	132,069
Net income	117,993	62,861	26,262	71	100,984	63,969	63,680	42,880	207,187	271,513	187,551
Net income attributable to noncontrolling interests	0	0	0	0	(1,602)	0	0	0	0	(1,602)	(360)
Net income available to common stockholders	$ 117,993	$ 62,861	$ 26,262	$ 71	$ 99,382	$ 63,969	$ 63,680	$ 42,880	$ 207,187	$ 269,911	$ 187,191
Earnings per share
Basic (in dollars per share)	$ 0.85	$ 0.45	$ 0.18	$ 0	$ 0.70	$ 0.43	$ 0.42	$ 0.28	$ 1.47	$ 1.82	$ 1.21
Diluted (in dollars per share)	$ 0.85	$ 0.44	$ 0.18	$ 0	$ 0.70	$ 0.43	$ 0.42	$ 0.28	$ 1.47	$ 1.81	$ 1.21

Uncategorized Items - tph123120

Label	Element	Value
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (7,354,000)
Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (7,354,000)